Cosco is a logistics company backed by China Cosco, a SOE. With increasing profits, improving balance sheets, improving COVID situation in South East Asia, the company shares may potentially appreciate further.
MRK spiked up after the news broke out. Is it too late to long? will it follow the path of moderna or biontec? or will be a disappointment like jnj and pfe?
Likely to retrace more before finding support as bearish candlesticks appear. Long if it finds support near the recent break out level at top of channel.
BUY when it breaks out of bull flag. With shipping prices staying elevated, this could be a good inflation hedge. Cosco is also adopting technology in its operation and should allow it to compete in the new era.
