On Tuesday, Cosco re-test the resistance at $2.16 and closed at $2.09 with LOW volume of 8.14 million shares traded.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend.
Both RSI & MACD are bearish as RSI trend downwards sharply.
Important Resistance of Cosco: $2.16
Immediate Support of Cosco: $2.00
Currently prices are supported by 100 days MA
On 11/Feb, the critical support at $2.16 is breached with high volume.
The support turned resistance at $2.16 is expected to be very strong as prices has re-test for the past few days but failed to break out.
We would advise to wait for $2.16 resistance break out before entry.
On Tuesday, Swiber retest the support at $0.90 and closed at $0.915 ...
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