Thursday, August 2, 2018

COSCO SHP SG: Sold down and Rebounded back. Price 0.405.. Now watching which way....


Just last month, we saw Cosco breaking the 0.42 support level and some downside targets were drawn….


We were expecting a move down towards 0.35 first then probably to 0.32… as trend indicators were also looking weak…


Targets were reiterated along the way down too…


See what I mean.. and continue to see where are now below…





Over the past few weeks, we have indeed seen our 1st and 2nd target hit and the buyers came back…


Coming back just right at where we drew our 2nd target…


And a rebound happened….


And we are back to where we first came down again, near the key 0.42 level… see where we are below…


Some profit taking seen here again where we may see a retracement back down unless any bullish actions occurs soon…


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