Cosco just about stayed within the uptrend channel (green). Cosco also failed to convincingly break the 0.835 resistance (green ...) but managed to stay above the 0.805 support (lightblue ...).
This 0.805 support, as well as the 0.790 support (blue ...), would be crucial for Cosco if it wants to continue and maintain its uptrend momentum.
If these 2 supports break, we might see Cosco test the 0.755 support (green --).
For tomorrow:
Support @ 0.805 (mid green, lightblue ...), 0.790 (upp blue, blue ...), 0.780 (lightblue --), 0.765 (low red), 0.755 (green --)
Resistance @ 0.820 (red --), 0.830 (upp red), 0.835 (green ...), 0.845 (upp green), 0.870 (pink --)
Wednesday, March 25, 2009
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