COSCO approaching support level at 7.56

It was last January 27 when we saw COSCO continue to fall and until today it has not recovered yet. Our immediate support is at 161.8% Fibonacci Retracement level. If there will be a good candlestick pattern that will be formed at this level then we might see it bounce, otherwise it will continue to dig its own grave. Ichimoku system is telling us that it is still in a downward trend.

Caveat!

Leave a Reply