No more hangover COSCO?

COSCO will make another try to hit the resistance line somewhere at 10. Last time it went up it wasn’t able to sustain its bullishness and went back to bed to sleep. Eight trading days after and COSCO will try to stand up. Will it be able to reach the top this time?

The weak bearish signal we saw few days ago via the Tenkan Sen / Kijun Sen Cross is still there and it is very important for COSCO to go up past 10.08 per share because if not, then we will have another bearish signal coming from Chikou Span.

RSI or Relative Strength Index is currently at 62

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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