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Cosmo Films, the gold standard in BOPP and BOPET films

Cosmo is approaching its resistance at 1679, once through this barrier one can look for targets of 1889 (its previous high) and 2060, width of the cup..however, on watchlist now, will look to go long as soon as it breaks the resistance and use the same as stop loss
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The stock broke through the reistance cleanly as expected...next resistance at 1800 then 1889 post which share price will be in orbit.... once in profit, its important to keep trailing stop loss ...
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Price had retested 1679 yesterday, forming a doji after a red candle which is being followed by positive price action today..right time to re-enter if exited earlier in the trade keeping 1679 closing breach as a stop loss
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Did me good didnt it...!!

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