Cosco Corp, next stock in my radar.. The white marubozu candlestick that covered the previous black candlestick formed a bullish sentiment on this stock. Bullish divergence might be happening based on the Accumulation/Distribution line and also check the support and resistance level for this stock.. The support level I would think is 0.950 and 1.03 and 1.065 as the next pit stop to move further ahead.. If it can go through over 50 days moving average price and stays well above that price, this will be a good indication for more uptrend.
Star-Trader
Advice on Technical Analysis on SGX Stocks, how to trade it with japanese candlesticks..and trade with other parameters to gauge the direction of a particular stock if it is uptrend or downtrend..Of course this is only my personal view with disclaimer on my website. "To check Disclaimer, it is on the left top of the website here"
Saturday, August 4, 2012
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