On Thursday, Cosco re-test the resistance at $0.705 and closed at $0.705 with HIGH volume of 3.028 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Cosco: $0.705
Immediate Support of Cosco: $0.67
Currently prices are supported by 20 days MA.
Since 24/Jul, prices have trending downwards forming a lower high and lower low. This is a bearish signal.
The support turned resistance at $0.705 is expected to be strong.
We would not suggest buying this stock unless the resistance at $0.705 is breached with heavy volume. That would be the sign of reversal.
Stock Chart: Cosco! is contributed by : Singapore Stock Information Exchange