Wednesday, April 15, 2009

COSCO - An update



I am not sure what to say about COSCOCORP. Its performance over the past month has been nothing short of breathtaking. Most of the time, i could only watch with disbelieve as i witnessed an unending stream of buyers snapping up whatever shares the sellers were offering. It has broken through key resistance levels of $0.775 and $0.905 and is now soaring towards the next resistance of $1.16 at higher volumes.



Above is a daily chart of COSCOCORP at a much wider time scale just to show you where $1.35 is with respect to its current price. I suggest buying COSCOCORP once it breaks $1.16 on high volume.

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