Wednesday, June 22, 2011

Cosco - Respect the Supply Line



Update: Cosco respected the horizontal supply line that I drew yesterday. I believe Cosco is in the hands of the strong players now and further upside should be expected. I am only looking to long on reaction. Watch for the price action when it reacts. Monitor for dull activity and enter.

Price level to watch out for:

1.78-1.8 - Normal support
1.73-1.76 - Strong support

Ronald K