Cosco proceeding to C wave downward

Fig 1 Cosco Corp Weekly Chart

I am using the weekly chart to get a BIGGER picture on Cosco.

Looking at the indicators, they are actually 1/2 way down, so Cosco itself should be heading south, not only that, I suspect it might accelerate.

The wave count sort of indicated an abcde completion of a B wave. C wave to follow, this coincide with the indication from the indicators.

There are 2 support levels base on the moving averages. The 21 weeks moving average is supporting at 1.505 while 55 weeks moving average at 1.433.