Monday, April 28, 2008

Cosco Testing Previous Downtrend Resistance Turned Support Line

Another down candlestick bar today pulling price lower and lower. Next critical support is the red bold downtrend resistance turned support line. If price does not rebounce from this support line next support will be the $3.18 to $3.15 support band. Support failure here will see a retest of $3.00 support. Immediate resistance now is $3.34 .

No comments: