Wednesday, September 11, 2013

******* Broke out of resistance: Cosco Corp. Share price 0.765. (Monitor for more upside above 0.78 resistance level)

Cosco Corp has broken out above the 0.75 immediate resistance. Critical resistance 0.78 level which it has neared today but never touch. Given this break out seen today, likely to consolidate from 0.75 to 0.78 in the coming days before a clear direction is seen and it attempting to break above 0.78. As long as 0.75 remains as new support, we are bullish with a target price of 0.800 then 0.84 if the 0.78 clears out. A break below 0.75 would open the way back to 0.700 support level.
Stop loss at 0.74

No comments:

Post a Comment