COSCO after hitting the low of 28.5 cents on 16th Feb 2016 had managed to edge up higher to touch 40.5 cents on 10th Mar 2016. This is rather impressive/bullish despite negative FY2015 result.
The current price is hovering way above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still trending upwards that may provide further catalyst that the share price may continue to head higher.
Breaking out of 40.5 cents with good volume that may propel to drive the share price higher towards 47 cents with extension to 53.5 cents.
(trade base on your own decision)
No comments:
Post a Comment