Cosco 230408

Cosco continues to trade above the long term downtrend resistance (upp red) today. Cosco also broke the 3.48 neckline (blue --). However, the uptrend today was not accompanied by higher volume.



If Cosco can continue to trade within the 2 uptrend channels (green, blue), we might see it testing the 3.62 neckline (red --).

But if Cosco cannot maintain above the 3.48 neckline, we might see it trading between 3.26 (blue ....) and 3.48 (blue --).

For tomorrow :

Support @ 3.48 (blue --), 3.33 (low green), 3.28 (mid blue, upp red), 3.26 (blue ...)
Resistance @ 3.51 (upp pink --), 3.55 (upp blue), 3.62 (upp green, red --)

Good Luck !!