Friday, April 18, 2008

Cosco 15 mins chart hammer candlestick reversal


Hammer candlestick reversal pattern was formed in early morning trading pushing price back above the $3 mark. Need to clear bearish green downtrend line to gain sufficient momentum to challenge resistance at $3.15 . Immediate resistance $3.05 followed by $3.10 . Immediate support $3.00 followed by $2.95 .

No comments: