Saw some biting action in Yzj shipping yesterday and shifted the focus to Cosco where I saw buyers stacking up on the buy queue. 13 minutes before market close, I sent a Whatsapp out to all somm members to take a look at this counter for a long position. Oil rebounded strong last Friday and the Dow was moving higher with Europe coming down while the US stayed strong. Cosco after some profit taking in the 5 minute chart did not tank and suddenly reversed which indicated signs of strength. I am pleased to see students making $$ on this very slow stock that hardly moves a lot. Congrats!
Ronald K -
Market Psychologist -
A Stock Market Opportunist
