May 13 - TA for Cosco Corp
Trend - Bearish reversal - Trending below 50D and 100D Moving Average.
Momentum - Oversold
Support 1 - 2.05
Support 2 - 1.93
Resistance 1 - 2.20
Candlestick - 2 black crows settling on the support line 2.05.
CoscoCorp has a very interesting secret code called 2.05. From the past 5 record of 2.05, you can see that it has either a very strong support at 2.05 and a very strong resistance at 2.05. But once it is broken, you can simply SHORT the stock or BUY when it crosses the line. Very interesting line - you must remember.
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