Cosco 240209

Nothing much has changed for Cosco. Just updated the uptrend support trendlines. Cosco is still hanging on to the uptrend support (low blue) some how but I can sense that we should be seeing some action real soon.

AS you can see from the chart, the downtrend resistance (upp pink) meets the uptrend support (low blue) at the 0.775 neckline (lightblue --). If Cosco still does not break out from there, we could be looking at Cosco testing the 0.755 support (green --), or even the 0.720 support (red ...).

If Cosco does indeed break out, we could be looking at least for Cosco to test the 0.815 resistance (red --), and maybe a small probability of testing the 0.835 resistance (green ...).


For tomorrow :

Support @ 0.770 (low blue), 0.765 (mid red), 0.755 (green --), 0.720 (low red, red ...), 0.705 (low pink)

Resistance @ 0.775 (lightblue --), 0.790 (blue ...), 0.793 (upp pink), 0.805 (upp blue), 0.815 (red --), 0.835 (green ...)