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.

This Post Has 3 Comments

  1. Marubozu

    COSCO Down Trend Resistance broken. The current chart is no longer valid. Next resistance is 50D MA at about $2.10.

  2. anonymousinvester

    what is your take on this now? thanks.

Leave a Reply