COSCO continue to retrace. RSI loosening up

While COSCO is following an upward channel, current development on price seems to retrace to the support level. It has been a great rally for COSCO when it rise and reach 11.32 but from that time it becomes weaker and need to rest. As long as indicators from Ichimoku system are showing bullish moods, COSCO will continue to move up with some headwinds along the way.

RSI or Relative Strength Index is now at 51 from as high as 89

Caveat!

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