Cosco (C21) Updated, Analysis and My trade!

Let’s update Cosco. From Chart 1, I’ve mentioned buy 1 and buy 2 (see below) in my previous posts. The rational and the TPs are self explanatory. Before that, let’s prioritizes our focus. Basically, we would have to lean more to Volume and the Trend line (Western Tools). Of course, not forgetting our CandleStick in the East. From my scrutiny, it would appear that the main Trend line is healthy and bullish. So the previous “corrective” bouts had not tampered its “impulsive” action. Meaning the trend is Bullish! As usual the tell tale sign cannot escaped my eyes. We can see the stock was going up in an unnatural sense. See what? Price up and volume down progressively. This demonstrated a lack of quality volume since price was moving up (effect) without real volume (cause) –the moves were not real (see Chart 2). So now let's see what our Jap’s Candlestick has to say! Wonderful: a  kind of like a “3 White Soldiers”. That is Bullish. The battle of the West and East has started! So how? Let’s analyze further. The current resistance of aprox 2.43 has been tested 7 times!  And our current price just kisses 100 Day MA. OBV and RSI look fine. CCI still steady at 149. Though in Overbought zone ,I consider it’s threatening only when it bent down and cut across the 100 mark.. ADX down on the cooling of the previous Downtrend; with still D positively placed. Volume suggested reversal and Candlesticks said No! The rest is up to your imagination. I bang on the current “Hot –up” of China Stock and do my own projection as in Chart (1). Of course, Ears on Ground and Eyes on Screen to effect action and implement it when situation so called for!
You may have interest in Buy 1, 21 Dec 2005
and also Buy 2, on 3 Jan 2006