Tuesday, January 16, 2018

Cosco Shipping - Sell Down After Halt

I am not sure what's the news that was released after the halt but Cosco started to sell down with huge amount and concentrate sellers after the halt was lifted. Like the rest of the stocks, Cosco was also not sparred with the overall selling in the market. I expect Cosco to dip further and find a temporary support first before this stock can take flight again. Yzj Shipping used to be the leader in shipping stocks and it looked like Cosco has took over the reign. So the next time Cosco starts to have to spike in the buyers, there is a high chance that Yzj Shipping will follow. Will share more on how to relate and correlate sector stocks like pennies, mid caps and blue chips in my next private event next week.

Ronald K - Market Psychologist - A Stock Market Opportunist