On Thursday, Cosco broke the resistance at $0.78 and closed at $0.80 with LOW volume of 3.51 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Cosco: $0.825

Immediate Support of Cosco: $0.78

Currently prices are supported by 20 days MA.

Today, prices have broken the critical resistance at $0.78 but the buying pressure is low. This indicates that the breakout is lack of conviction.

The support at $0.78 is expected to be strong.

We would suggest buying this stock only when prices pull back to at least $0.78 support.

Important News

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