COSCO may continue to bounce before meeting a strong headwind at mid 10

COSCO may continue its technical rebound but may have a strong resistance around 10.50 or 23.6% Fibonacci Retracement level. The green candlestick today may be the confirmation for the bullish sentiment when we saw the Hammer. Again this is not for long term as 20-day SMA is way below the longer SMAs.

Caveat!

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