COSCO hanging on the line

COSCO got help from the 20-day SMA line and 23.6% Fibonacci Retracement level but the risk of being pulled down is still there and in case this will turn sour, this may fall hard. It’s last rally to close the gap wasn’t successful. Let us see who will win the fight as it hangs on the line.

Caveat!

One Response to COSCO hanging on the line

  1. […] COSCO which is hanging on the line made an upward move today with relatively bigger volume than the previous days. Still within the line but today with bullish bias. Yesterday we have seen a Doji candlestick and now a green candlestick. Will it move and hit again 11.40? […]

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