ST Engineering is testing the $2.96 resistance for the 2nd time. If this stock fails to break the resistance, a double top may be formed. Immediate support at $2.82 and critical support at $2.7.
Cosco breaks the Falling Wedge support and 200D MA support today. Stock price is at the lower Bollinger Band and MACD also shows Bearish Convergence.
Summary of analysts’ recommendation on Cosco Corp:
Cosco’s chart is VERY BEARISH and I am avoiding this stock totally. Not the right time and right price to buy for long term investment as the price may go lower!
SGX has started the correction. Standard Six Technical Indicators showed Bearish signal.
