Monday, October 29, 2012
Cosco: chart not looking pretty. Share price has been on a long term down trend. Indicators are also very weak; while Stochastics and RSI have in oversold territory for an extended period of time, they show no signs of upward reversal yet. MACD continues to slide further into the negative zone. Next support at $0.86, followed by $0.825. Key support-turned-resistance at $0.95.