Shares & Derivatives
Stock Chart: Cosco, Swiber!
By Dou  •  February 15, 2011

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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By Dou
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