COSCO knocking on resistance line

COSCO is currently knocking on 50% Fibonacci Retracement level. This is the 2nd time it will try to break after it hit 9.0 last August 28. Will it be successful this time? Notice that our last candlestick is a green Shooting Star. Although this is green, it still carries a bearish signal and if confirmed, we might see COSCO retrace. Support is again at 61.8% Fibonacci Retracement level.

Let’s see how the bulls will bring COSCO to the next level.


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