Olam: Potential Reversal !
A Shooting Star candlestick was formed at the 200D MA resistance and 61.8% Fibonacci Resistance. This is a potential reversal pattern. Next support at $2.785 which is the 50% Fibonacci Support.
NOL: Testing 20D Resistance for 4th Times!
NOL is testing the 20D MA Resistance for the 4th times. If NOL cannot break this resistance, NOL will continue the down trend. Next immediate support is $1.864 which is the 61.8% Fibonacci Support.
COSCO Corp: Down Trend Confirmed!
Cosco has formed a “Lower High, Lower Low” bearish chart pattern and confirmed the down trend. COSCO has recently broken 200D MA support and 61.8% Fibonacci Support with immediate resistance at about $1.88. If COSCO continues to stay below $1.88, next support is at about $1.72.
See last analysis on COSCO HERE.