Cosco 270309

After my analysis on 25 mar, Cosco broke through several key resistance and also tested the uptrend resistance (upp blue). However, Cosco couldn't build on the momentum and tested the 0.830 support (blue --) today, and also closed right on the 0.840 support (green ...).

Next week could be crucial for Cosco as we see whether it can break the 0.860 level convincingly. As you can see from the chart, the downtrend resistance (upp red) meets the 2 uptrend resistances (upp blue, upp green) at about the 0.860 level.

If Cosco does not break 0.860, we could see it test the 0.830 (blue --) and 0.820 (red --) supports.

If Cosco manages to clear 0.860, there's another formidable roadblock at the 0.870 level (pink --).


For monday :

Support @ 0.840 (green ...), 0.830 (blue --), 0.825 (mid green), 0.820 (red --), 0.815 (mid red, green --), 0.805 (lightblue ...)

Resistance @ 0.850 (red ...), 0.855 (upp green), 0.860 (upp blue, upp red), 0.870 (pink --)