COSCO continue to fall

COSCO has turned sour since we saw it falls to 127.2% Fibonacci Retracement level last January 20. Looks like it is heading for the 161.8% Fibonacci Retracement level.

The Kijun Sen line which moved horizontally last week has bent today following the fall to 7.94 at the close. This suggests that the power of Kijun Sen line to attract price is not anymore there. Better wait at the next support and see if there is a good candlestick formation.

Caveat!

One Response to COSCO continue to fall

  1. […] 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 […]

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