Cosco – [ Time To Look At It? Points To Take Note Of]
Chart Source: Poemsview 25th Feb
Cosco once a market darling as seen relatively muted action the last few months. Cosco has been moving in a sideway movement for the last few months but has seen some volume coming in the past week.
Cosco has caught our attention but there are some things to take note for Cosco.
- Its earning results could round the corner. So as what we always mention, there is a risk trading into earnings.
- Its 200SMA is very near which could act as a resistance.
On a positive note, it has broken above its long term downtrend line and staying above that might signal more upside. Its closing volume on friday was the highest over the last 3 months.
What’s your trade plan forย cosco like?
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Yours
Humbly
Kelwin&Roy
