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Wednesday, February 10, 2016

COSCO

COSCO - 10th Feb 2016

COSCO looks rather bearish as reflected from the chart.
The current price of $0.315 is hovering below both 14SMA & 25SMA lines which is generally rather negative.


Also MACD are pointing downwards with no sign of reversal yet. It may continue to drift lower .

Breaking down of $0.285 with high volume that may send the price further down towards $0.25 with extension to $0.20.

( trade with extra cautious)

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