Friday, October 4, 2013

COSCO - Chart Pattern is forming

Once upon a time the popular stock called COSCO, during the peak it was almost $8 but today we are not going to talk about history. Recently, chart pattern is forming with volume decline. So, question is will it break above or below ? 

If we apply our ART Position system, it look more like up side for (mid term) trade. Possible strategy can be apply are short term breakout trade and mid term trade. With current market situation, we believe most people will want to play short term breakout trade, either way if break above we go for long and if break below then we go for short. So, Plan your trade and let the market tell us what to do and see how it performs when market open!