Tuesday, August 20, 2013

****** Trading Sell: Cosco Corp. Share price 0.69.. (CFD SELL only - broke down 0.700 psychological support)

Following up from previous Sell call made on 15 July. Cosco has traded above the 0.700 for about 2 weeks, BUT we have seen it broke down today on a weaker market. Next downside to 0.65 level first. Can continue to hold short positions for specific counters and ride any market weakness. As long as 0.700 remains as the new resistance level, we are bearish. L
Buy stop at 0.715.
 

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