Sunday, May 17, 2009

COSCO - an update



Here is a daily chart of COSCO Corp. You should notice by now that this chart, and the daily chart of Capitaland, are all very similar to the daily chart of the STI. So you can get a pretty good picture of the general behavior of the market by looking at the behavior of the STI. And like Capitaland, the price of COSCO has fallen close to its support at $1.70 after breaking strongly out of it 6 market days ago. And again, i would suggest getting out of COSCO if it breaks below $1.70 and to wait for the uptrend to be established before buying in again.

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