F83 Cosco long and tp at 0.485Cosco is a logistics company backed by China Cosco, a SOE. With increasing profits, improving balance sheets, improving COVID situation in South East Asia, the company shares may potentially appreciate further.
F83 trade ideas
COSCO BUY when it breaks out of bull flagBUY when it breaks out of bull flag. With shipping prices staying elevated, this could be a good inflation hedge. Cosco is also adopting technology in its operation and should allow it to compete in the new era.
F83.SGX_LongENTRY: 0.285
TP: 0.345
SL: 0.245
- ADX>25
- RSI>65
- MAs are aligned
- Break-up with good volume
<TradeVSA> Cosco - increasing momentum1. Accumulation stage
- low volume with narrow spread bar
- 20/40 MA golden cross spotted
-incresing price and volume trigerred green pentagon
2. Mark up stage
- gap up with increasing volume
-price well supported above the gap
-price sideway approaching 20 MA , support formed around 0.255
3. Daily COC formed
-three narrow spread bar with low volume formed
-followed by green pentagon with increasing volume
- Line Change signal and No Supply signal appeared , ready for next mark-up
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
COSCO SHIPPING SG (F83)Last trading price at S$0.315.
Currently the price at major support line which is located at $0.320, if the price stable at this level, $0.43 will be the first target.
Momentum kicked in last month with positive volume, we shall see some bullish movement from this level.
Target price - $0.43, $0.48, $0.60 and above
Cut loss - below $0.27
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
