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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

7/29/2010

Something interesting on Cosco

I have not up-date my Cosco for a while. the last time I checked on Cosco, it was doing the c wave. It is very different when I look today.


Fig 1 Cosco Daily Chart

Cosco has created 2 patterns, a triangle with objective at 1.75 and a flag in progress, if completed, its objective is around 1.76.

So I guess is a good choice for the time being.Stop loss would be around 1.50.

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