On Wednesday, Cosco re-test the resistance at $0.82 and closed at $0.815 with LOW volume of 2.96 million shares traded.
Both RSI & MACD are bullish though RSI already in overbought region.
Important Resistance of Cosco: $0.82
Immediate Support of Cosco: $0.78
Currently prices are well above the 20/50/100/200 days MA.
Since 4/Sept, prices have trending upwards on a rising trend line. This is a bullish signal.
The support turned resistance at $0.82 is expected to be strong.
We would not suggest buying this stock since RSI already in overbought region. In fact, pullback will be well expected now.
Stock Chart: Cosco! is contributed by : Singapore Stock Information Exchange
