Waiting for COSCO to hit support. Bullish signals still intact.

COSCO continue to retrace and may hit the support line this week. Our support will come from the lower slope and the Kijun Sen line. Based on Ichimoku system, COSCO is still in an upward trend and is bullish. I think there is a greater chance it will bounce one it will hit the support especially if it will be followed by a bullish reversal candlestick.

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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