Shares & Derivatives
Stock Chart: Cosco, Biosensors!
By Dou  •  July 27, 2011

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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By Dou
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