COSCO - An update

i was going through my blogs when i came across my short 'buy' note on Cosco. So i decided to look at the chart and to give an update. In my previous note, i commented that a buy signal was given when the MACD (moving average convergence divergence) lines crossed. i also noted that there was strong resistance at $0.775 and if the price was able to break out from this level, the next resistance (or target price for those going long) would be $0.905. After three failed attempts to breech $0.775, the price of COSCO retreated, formed a hammer on 20 Mar09 and finally burst through $0.775 on 23 Mar 09 on high volume. It looks like it is on the way to $0.905. What caught my eye as i was looking at the chart of COSCO is what looks like a 'dark cloud cover' on the 24 Mar 09. In this case, the peneration of the black (red) candle into the previous day's long white candle looks suspiciously like the 'dark cloud cover' formed by today's STI price action. But in this case, the peneration of the black candle is obviously less than half of the long white candle, so this should not be mistaken as a 'dark cloud cover'. The stochastics also show that COSCO is 'overbought', but i would be comfortable to hold a long position as the momentum, shown by the slope of the MACD lines and the increasing green bars of the MACD-H (histogram), is still positive.