Verdict – Short-term neutral.
China Wuxi Cobalt corrected first as last report mentioned and finally tend to ground up in this coming Monday, after the volume growth which indicated some divergence. Slow stochastic KD created gold cross near oversold area. CCI rebounded from -100 area. MACD narrowed below 0 axis. Short-run recovery on 350-352.0 area would confirm a longer period of rebound.
The first support is 316.5. The first resistance is 342.0