Shares & Derivatives
Stock Chart: Cosco, Capitaland!
By Dou  •  August 30, 2011

On Monday, Cosco re-test the critical support at $0.975 and closed at $1.035 with LOW volume of 19.79 million shares traded.

A white candle sticks with no upper/lower shadow affirms on the bullishness of the investors for this stock.

Both RSI & MACD are bullish as MACD lines perform a “golden cross” on Monday.

Important Resistance of Cosco: $1.14

Immediate Support of Cosco: $0.975

Currently prices are well below the 20/50/100/200 days MA.

For the past week, prices have been well supported at the $0.975 level and the selling pressure seems to be eased.

After the recent sharp correction, Cosco is expected to perform a rebound any time soon.

Watch the support at $0.975 if interested since it is expected to be very strong.

On Monday, Capitaland re-test the support at $2.48 and closed at $2.53 with LOW volume of 6....

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By Dou
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