Is 2.30 a reality for Cosco?
There has been much talk about on Cosco lately, it has shot up to 1.86 ever since it broke away from its triangle. The internet has been spreading rumours about this broker up-grade Cosco to 2.00 and that broker to 2.30. So will Cosco go there, or if Cosco would be coming down since the rise is so drastic?
Fig 1 Cosco Daily Chart
I looked a the chart, check the indicators, and just thought, " it is coming down now."
I do not know if it is a correction or a reversal, I at least recognise a divergence on both Stochastic and RSI. With the amount it has hyped, I can't imagine if there is a non-possibility of a plunge.
Anyone in this counter now, be careful.
Labels: Cosco
0 Comments:
Post a Comment
<< Home