Summary of analysts' recommendation on Cosco Corp:
Cosco's chart is VERY BEARISH and I am avoiding this stock totally. Not the right time and right price to buy for long term investment as the price may go lower!
Wednesday, November 4, 2009
Cosco - Chart looks Very Bearish!
Cosco breaks the Falling Wedge support and 200D MA support today. Stock price is at the lower Bollinger Band and MACD also shows Bearish Convergence.
Summary of analysts' recommendation on Cosco Corp:
Cosco's chart is VERY BEARISH and I am avoiding this stock totally. Not the right time and right price to buy for long term investment as the price may go lower!
Summary of analysts' recommendation on Cosco Corp:
Cosco's chart is VERY BEARISH and I am avoiding this stock totally. Not the right time and right price to buy for long term investment as the price may go lower!
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My rule of thumb: When all the analysts said SELL, we don't buy!
ReplyDeleteIf need to buy, it is better to look for the trend reversal signal.