Cosco 280109

Other than testing the 0.765 support (lightblue --) on 23 jan, Cosco has been trading sideways (accumulation?) for the last 2 weeks. It also seems to have difficulty breaking the 0.815 resistance (red --).

We could see some action later this week or early next week, when the downtrend resistance (upp red) meets the uptrend support (low blue) at the 0.790 neckline (blue ...).

If Cosco does not break out by then, we could see it re-testing the 0.730 support (green ...) at least. If Cosco does break out, we could see it testing the 0.845 resistance (lightblue ...)


For tomorrow :

Support @ 0.790 (blue ...), 0.775 (low blue), 0.765 (lightblue --), 0.730 (green ...), 0.715 (low red)
Resistance @ 0.815 (red --), 0.835 (mid blue), 0.845 (upp red, lightblue ...), 0.875 (blue --)