Cosmosteel (technical)

Cosmosteel: Good volume supporting the share price spike of 7% today, indicating a technical breakout. A close above $0.45 today may portend to a test of the counter's 3-year high of $0.49, supported by positive momentum on the rising indicators. Most notable news was on 4 Feb when the group disclosed that it is exploring the possibility of undertaking a corporate action, including a potential new share issue.