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Stock Chart: Cosco!
By Dou  •  June 18, 2012

On Monday, Cosco re-test the resistance at $1.025 and closed at $1 with LOW volume of 5.436 million shares traded.

During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles.  During the past 50 bars, there have been 20 white candles and 26 black candles for a net of 6 black candles.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Cosco: $1.025

Immediate Support of Cosco: $0.965

Currently prices are supported by 20 days MA at $0.965

For the past 14 trading sessions, prices have been trending sideways along the resistance at $1.025 and support at $0.965.

The resistance at $1.025 and support at $0.965 is expected to be strong.

The selling pressure of Cosco has clearly eased as the prices goes into ...

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By Dou
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