If still you remember what happenned last friday then most probably you know about Cosco’s momentum aftern lunch time with volumes & prices surged up dramatically. However, Dow Jones & regional markets had slumped back Cosco price back to $1.39. While looking at chart, we can see a very strong support at $1.38 level. Also a divergence of MACD against price which going to see a golden cross on MACD moving averages.
Beside above mentioned, strongest support signal is actually come from inverted “”Head and shoulder”’” of Stochastic KD lines. Once all these conditions were confirmed, we probably can see a short term rebound on COSCO. Good Luck!!!
