On Monday, Cosco re-test the critical support at $0.975 and closed at $1.035 with LOW volume of 19.79 million shares traded.
A white candle sticks with no upper/lower shadow affirms on the bullishness of the investors for this stock.
Both RSI & MACD are bullish as MACD lines perform a “golden cross” on Monday.
Important Resistance of Cosco: $1.14
Immediate Support of Cosco: $0.975
Currently prices are well below the 20/50/100/200 days MA.
For the past week, prices have been well supported at the $0.975 level and the selling pressure seems to be eased.
After the recent sharp correction, Cosco is expected to perform a rebound any time soon.
Watch the support at $0.975 if interested since it is expected to be very strong.
On Monday, Capitaland re-test the support at $2.48 and closed at $2.53 with LOW volume of 6....
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