Cosco after hitting the low of 31 cents on 6th June 2016 it had managed to trend higher to touch 33.5 cents on 8th June 2016. The volume is also quite high and in my view there seems to be some accumulation activities on 8th June. This is quite positive.
Both Macd & Rsi are also showing sign of positive divergence that may provide further indication that the share price may continue to trend higher.
First confirmation signal to watch out will be if it is able to cross over 34 cents with ease + good volume. Breaking out of 34 cents may drive the share price higher towards 36 cents then 39 cents with extension to 40.5 cents .
( trade base on your own decision)
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