Range trade for COSCO?

COSCO may trade the 9.90 – 9.50 range before it will continue with its ascend. Notice that the price seem to have difficulty in moving away from this range. Today we are looking at the Doji candlestick that suggests indecisiveness between bears and bulls. The reason why we speculate it will move sideways at this range is because of the previous movement. Still we believe that COSCO is in bullish mood based on the Ichimoku elements. It just need to rest for a while.

But if our Doji today will not be confirmed then COSCO is off to the next level the 10.17 and above.

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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