Cosco showed some bullishness last week which closed last Friday (02-14-2014) at 8.25 from its lowest price at 7.47. If you observe on the weekly chart, the last candlestick is called One White Soldier. This candlestick is a bullish reversal pattern in which appears after a clear downtrend.
Will next week is the time for this stock to rise up to 100% fibo level?
We need a confirmation for that.
Note that all ichimoku indicators are still in bearish mood.
Weekly chart
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