On Wednesday, Cosco broke the resistance at $1.81 and closed at $1.825 with HIGH volume of 19.8 million shares traded.
A white candle sticks with long upper shadow affirms to profit taking as prices goes higher.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Cosco: $1.90
Immediate Support of Cosco: $1.81
Currently prices are resisted by 20 days MA.
Today Cosco broke the critical resistance at $1.81 with high volume which is a very bullish signal.
We believe there could be further upside for Cosco ahead especially Cosco report earnings on 1/Aug.
Watch for signs of consolidation at the $1.81 support as it could be a good entry price.
On Wednesday, Biosensors re-test the resistance at $1.34 and closed at $1.335 with LOW volume of 4 million shares traded.
A flat candle sticks with short upper/lower ...
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