On Friday, Cosco trend sideway and closed at $1.18 with HIGH volume of 10.52 million shares traded.

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of Cosco: $1.36

Immediate Support of Cosco: $1.125

Currently prices are resisted by 200 days MA at $1.36

On 25/Jan, prices broke the critical resistance at $1.125 with high volume and this affirms to the bullishness of the investors.

However for the past 2 trading sessions, prices seem …