Cosco became the first stock to break below the 200-day MA line, a confirmed sign of a change in trend. It could be the leader for the rest to follow it on the way down. I am looking to short once there is a retracement nearer to the 200-day MA line.
My plan:
Short near 200-day MA. :(1.05-1.09) when stochastics turning down.
Support: 0.67, 0.92
But, just wait for now.
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