Cosco after touching the low of 24 cents on 3rd Nov 2016 it had since managed to stage a strong recovery and closed well at 28.5 cents on 25th Nov 2016. Couple with high volume , this is rather positive.
From the chart we can notice that it had managed to clear the major overhead resistance at 28 cents and closed higher at 28.5 cents. This is a kind of confirmation that may provide further indication of the driving force to push the share price higher .
Also both Macd & Rsi are rising which may likely indicating that the share price may continue to head higher.
Short term wise, I think it may move up to test 30 cents.
Breaking out of 30 cents with good volume that may see it goes higher toward 32 cents then 34 cents with further extension to 36 cents.
( trade base on your own decision)
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