COSMOFIRST trade ideas
CosmoFilms-Harder I fall, Higher I Bounce :)-LongAlthough not steep but a steady increase in Revenues and a good improvement on the Operational and Net profit over the last 5 years, Cosmo films stood as a strong contender in the metallized film market. Thats the overview fundamentally. Now Technically, the volumes and delivery percentage have been healthy ever since its fall in March. Momentum high and with almost no debt on its balance sheet and with great management combined with the demand for its products, the stock price may see some steep rise. MACD positive and ADX trending, Stochastic% Bullish.
With SMAs for 200, 100, 50, 20 and 5 days in ascending order, Cosmo is looking like cheetah on the run to make the kill.
May go up another 30% in two months.
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