COSCO near suppport level of its range. Will it bounce soon?

COSCO is still trading the range and is near the support level. Will there be a bullish candlestick to appear very soon? Kijun Sen has no more power to pull the price down as it move upward. RSI or Relative Strength Index is still quite low at 51.

It is important to put this stock in our watchlist. Opportunity to add once we see a reversal pattern.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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