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 …