What Time is it? Cosco Cola Time!

Using the Single Top and Base Line to calculate the ultimate downtrend, we have (2.36 – 2.22) = 0.14, i.e. the depth. Using equal depth, we can assume that the down cycle would end at (2.22 – 0.14) = 2.08.  This assumption was reinforced by 100% Retracement since early Oct; this also happened to the bottoms of the 2 candlesticks at end of Oct; which forms the Support Level. Today, I monitored closely the behavior of this stock, I take it that the best possible price could be purchased is $2.10. I congratulate those buyers who seized this opportunity. Scrutinizing the Trade Summary I see at 16:47 (100,000) and 17:05 (352,000) “biggies” buying qty. To me, I doubt we can have this price resurfaces again! As they say, timing is everything!

P/s Someone asked for the Target Price. On normal declining trend, 61.8% Retracement can be expected. That shall bring us to $2.42!

Disclaimer:No document/material here is a solicitation to buy or sell. You are advised to think carefully and take your own responsibility for all consequences.