On Friday, Cosco re-test the resistance at $0.755 and closed at $0.75 with LOW volume of 0.601 million shares traded.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Cosco: $0.755

Immediate Support of Cosco: $0.735

Currently prices are resisted by 20 days MA at $0.755

Since 6/Jun, prices have been consolidating between the key support at $0.735 and key resistance at $0.755. This affirms that the selling pressure has eased.

The support at $0.735 is expected to be very strong.

We would not suggest buying Cosco since prices have been trending downwards forming lower high and lower low since Jan 2013. However if really interested, do consider buying at the support level of $0.735 and cut loss once this support breached with high selling pressure.

Stock Chart: Cosco! is contributed by : Singapore Stock ...