On Monday, Cosco re-test the support at $0.705 and closed at $0.705 with LOW volume of 1.11 million shares traded.
Both RSI & MACD are bearish though RSI in oversold region.
Important Resistance of Cosco: $0.735
Immediate Support of Cosco: $0.705
Currently prices are resisted by 20 days MA at $0.735
Since 2/Aug, prices have consolidating between the key support of $0.705 and key resistance of $0.735.
The support turned resistance at $0.735 is expected to be strong.
Cosco currently display a long term bearish trend thus we would not suggest to buy this stock. However if really interested, do consider buy at support $0.705. Cut loss once this support breached with high volume.
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