COSCO Corp seems like have broken the uptrend support and trading about $2.10 (78.6% FR Level). If COSCO cannot rebound from this level and break the $2.20 resistance (Uptrend support turned resistance and 50D MA resistance), COSCO may start the trend reversal and the next support is at 61.8% FR level at about $1.885.
NOL looks like going to end the up trend if this Up Trend Support is broken. A very important level to watch is $2.10 which is the up trend support, 78.6% Fibonacci Retracement Support and also the 200D MA support. Breaking below this support level may reverse NOL stock price to have a bigger correction.
CapitaLand has started a down trend after breaking the $3.60 support. The recent sell down punched through the 61.8% Fibonacci Retracement support at about $3.415. Expect Capitaland to rebound at this 61.8% FR support level but $3.60 will be turning from support to resistance. A “Lower Low, Higher Low” chart pattern has been formed to confirm the down trend for Capitaland.
Previous Post on Capitaland HERE.