On Friday, Cosco re-test the resistance at $1.99 and closed at $1.94 with HIGH volume of 38.28 million shares traded.

A black candle stick with short upper/lower shadow affirms that the investors has no qualms on selling the stocks.

Both RSI & MACD are turning flat as RSI to trend sideways.

Important Resistance of Cosco: $1.99

Immediate Support of Cosco: $1.90

Currently prices are resisted by 200 days MA at $1.99

Prices went through heavy selling pressure on Friday when there are rumors that the rigs order secured on Thursday might not went through.

The support at $1.90 is expected to be very strong.

The current prices of Cosco seems attractive and we expected prices to rebound any time soon. Watch for the support at $1.90 of interested.

On Friday, Starhub re-test the support at $2.73 and closed at $2.75 ...