Tuesday, April 29, 2008

Cosco 30 mins chart Testing Major Support

Broke blue uptrend support line during early morning trading and attempted to rebound back above this support line but failed and continue to drop to intraday low of $3.05 . Next support is the red downtrend resistance turned support line. Breakdown below $3.04 to $3.00 support band will retest next support at $2.94 . Immediate resistance is the support band $3.15 to $3.13 followed by 20 EMA resistance line.

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