Cosco has been caught in the consolidation mode within the triangle formation for almost 3 months now.

Cosco looks ready to have a breakout in the next few trading sessions. Whether it is a breakout above the upper trend line or below the lower trend line remains to be seen.

I tend to think it will be toward the lower trend line. If it breaks below the lower trend line at 3.20, it will likely hit below the next support at 3.12.