Co has declined 48% since peaking in Mar this year and has been turning up on the SMA 13/26.
Supported by the recent resistance turn support at 1.17 after breaking above with high volume, expect the uptrend momentum to continue after the current consolidation.
Next resistance at 1.32, stop loss at 1.16.
SMA 13, 26 crossover indicate potential reversal from the downtrend and starting to trend up.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
