Above is the daily chart of China Cosco (1919.HK). It is currently moving along the uptrend line and is testing the strong resistance area. MACD and EMA showed a bullish cross, and definitely gives momentum for the price to surge through the area. It would probably reach the next fibs level at around 9.95, led by the market.
Once the resistant breaks (with confirmation), definitely we should have no hesitation to buy this stock.
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