Monday, April 21, 2008

Cosco 15 mins chart breakouts above Ascending Triangle

Gapped up this morning breaking above both the ascending triangle resistance at $3.04 and short term green downtrend line. Immediate resistance is $3.18. Breakout above $3.18 will propel price towards mid gap resistance at $3.25 and will challenge gap resistance at $3.35 . Immediate support is $3.10 to $3.08 support band followed by $3.04 the ascending triangle horizontal resistance turned support line.

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