Courage Marine – Still Directionless

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Courage Marine is still in the consolidation phase due to lack of trading volume. The stock price is currently trading within a tight support ($0.185) and resistance ($0.19 which is a 200D MA) range.

Things to watch out:

  • The moving direction of 20D MA will determine whether the trend is moving down or moving up.
  • The presence of the trading volume if the stock price breaks the support or resistance.
  • Without the above two indication, Courage Marine probably will move sideway for a while.
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Cosco – Breaking Out from a Falling Wedge?

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Can this breakout successful from a Falling Wedge? Target Price for successful breakout is $1.30.

Things to watch out:

  • 20D Crosses 50D MA to show the bullish strength.
  • Return of the trading volume.
  • The next higher high has to be more than $1.15 (61.8% Fibonacci Retracement Level) to show an uptrend. A higher low has been formed ($1.05 with reference to $1.00).
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