On Friday, Cosco re-test the support at $1.90 and closed at $1.97 with HIGH volume of 25.22 million shares traded.
A white candle stick with long lower shadow similar to “Hammer” indicates that the support at $1.90 hold firm as bulls buy up at this level.
Both RSI & MACD are bearish as RSI trend downwards sharply.
Important Resistance of Cosco: $2
Immediate Support of Cosco: $1.90
Currently prices are resisted by 100 days MA
Although prices managed to rebound off the support at $1.90 today but we would suggest buying on breakout of $2 instead due to the recent poor market sentiment.
Resistance at $2 is expected to be strong and will not give in easily.
Watch for breakout at $2 in the coming week if interested
On Friday, Swiber retest the support at $0.77 and closed at $0.785 with HIGH ...
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