Cosco – Breaking Out from a Falling Wedge?

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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