28 April 2011
COSCO
bought 2.32.
TP 2.41. CP 2.22.
broadly speaking, COSCO is doing a normal correction.
volumes are decreasing during correction in the past 7 sessions after encountering resistance at 2.39 on 18 Apr 2011.
manipulator sold part of his / her stocks from 2.39 downwards causing a panic selloff on 18 Apr 2011.
manipulator continued to sell downwards till low of 2.23 (support at around 2.25) on 19 Apr 2011 and bought back from there upwards leading to huge volume of 35 million shares on that day. this is why daily prices almost always stay above 2.32 in the last 6 sessions, which is high and close price on 19 Apr 2011 because the manipulator does not want others to buy below his / her cost (upper range near 2.32).
TP 2.41. CP 2.22.
broadly speaking, COSCO is doing a normal correction.
volumes are decreasing during correction in the past 7 sessions after encountering resistance at 2.39 on 18 Apr 2011.
manipulator sold part of his / her stocks from 2.39 downwards causing a panic selloff on 18 Apr 2011.
manipulator continued to sell downwards till low of 2.23 (support at around 2.25) on 19 Apr 2011 and bought back from there upwards leading to huge volume of 35 million shares on that day. this is why daily prices almost always stay above 2.32 in the last 6 sessions, which is high and close price on 19 Apr 2011 because the manipulator does not want others to buy below his / her cost (upper range near 2.32).
Labels: Live Trading Records
