On Thursday, Cosco trend sideways and closed at $0.97 with LOW volume of 3.4 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Cosco: $1.025
Immediate Support of Cosco: $0.94
Currently prices are resisted by 20/50/100 days MA
Since 29/May, prices have been consolidating between the key support at $0.94 and key resistance at $1.055.
The support at $0.94 is expected to be very strong.
If interested, do watch if price will pullback to near $0.94 support. Cut loss if $0.94 support breached with heavy volume.
Important News
SMRT Corp. Ltd. (S53.SG) announced plans to sell five-year bonds worth 350 million Singapore dollars (US$285 million) to fund general corporate needs and capital spending.
Stock Chart: Cosco! is contributed by : Singapore Stock Information Exchange
