Cosco was very strong yesterday and just when I thought it was about to suffer some selling, the stock performed otherwise. I studied the 5 minute chart and I saw a beautiful base built where the rebounded started there. However as it trended higher, it was met by some profit taking and thereafter, it trended higher again which I could not predict. In the daily chart, the stock has ran up quite a bit and I am cautious of any sellers that might appear soon. Hence, I would give this stock a miss first and rotate to another counter before watching this counter again. Will share more during my Top 4 stock picks next Friday.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
