Cosco Corp: CIMB has Technical Buy Call. Note that grp is still hovering in a bullish flag pattern. However, think that there is opportunity for traders to go for a quick scalp with prices trading near the support trend line. The candles have swung past its 30-day SMA last Friday, and this should entice follow through buying today…..
Technical landscape is improving with MACD stagging a golden cross, pushing its histogram bars into the positive territory. RSI too has bounced off its low. Recommend aggressive traders may start to nibble now. The next upleg should lift prices towards $2.01 and possibly even S$2.10 next. Tip support at a$1.82.
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