Follow up from trading call made on 7th May 2013 when Cosco broke 0.800. Cosco has been consolidating below 0.800 since 30th May 2013 after a convincing breakdown of support. Immediate support at 0.77 failed to hold today. Next critical support to watch is the 0.75 level. Can head lower if this 0.75 level does not hold. Target on the downside will be to 0.700. Can consider accumulating more CFD short positions on the downtrend. Will ENTER MORE Short position on break of 0.75 support.
Stop loss at 0.805
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