Friday, March 16, 2018

Cosco - Simmering Action







Cosco started to exude simmering action yesterday and today, the stock had more difficulty climbing up. It seemed as though the sellers were really overpowering the buyers and it will take more time before the stock would go below the 0.50 range and hit the 0.48-0.49+ range before recovering. I am not 100% sure but I won't chase after a stock without a good ws. As of yesterday when I spotted the high at 0.535, I saw the unloading action @ 9:20am and today it is currently trading at 0.515.

http://stockmarketmindgames.blogspot.sg/2018/03/cosco-short-term-simmer.html

Update: 16/3/2018, 11:25am



Cosco suffered some more sell down as the simmering action is taking place. From 0.525 this morning to now 0.505. :)

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