The Responsible Trader

STOCK CHARTS AND ANALYSIS – COSCO

 

In accordance with our Independence Day commitment, following is our Technical Analysis of  COSCO (COSCO CAPITAL,  INC. ) as of Sept. 10, 2015.

 

This completes our THREE for FREE for this week. (EDC – Index Stock, GMA7 – Non-Index Stock and this one COSCO – Non-Index Stock).

 

TA – TRT Way – Straight from the Chart

 

 

 

 

POSITIVE

1.   Bounce after hitting Pattern Target.  After breaking down from a Head and Shoulders Pattern and almost hitting its Pattern Target of P6.34 COSCO staged a strong recovery. It needs to take out P7.00 and close the gap in order to confirm the bounce.

 

NEGATIVE

1.   Price action below 15 EMA and 20 SMA – Bearish – Short Term.  Price action below 15 EMA and 20 SMA shows that the stock is Bearish on the Short Term.

2.   Price action below 50 SMA – Bearish – Medium Term. Price action below 50 SMA shows that the stock is Bearish on the Medium Term.

3.   Price action below 200 SMA –  Bearish Long Term.  The stock’s price action below 200 after its break down from the Head and Shoulders Pattern also shows that the stock is still in Bear territory.

 

NOTES:

1.   Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.   On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.

3.   September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media.  Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.

 

The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 

Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades.