Cosco - Symmetrical Triangle

Symmetrical triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.)

http://www.chartpatterns.com/symmetricaltriangles.htm

Monitor breakout direction

Upper resistance 20EMA

Lower support 200EMA

supplier of rigging equipment

KTL Global

The Company was incorporated in Singapore on 19 March 2007 under the name KTL Offshore Pte Ltd. The Company subsequently changed its name to KTL Global Private Limited on 13 June 2007 and was subsequently converted to a public limited company and changed its name to KTL Global Limited on 2 November 2007.The Group is a supplier of rigging equipment and related services to customers mainly in the offshore O&G and marine industries. Other customers include companies from the engineering and construction industries. Rigging equipment are essentially assemblies of ropes and fittings for lifting and mooring purposes. Ropes are generally made of steel or synthetic materials such as polypropylene and nylon. Steel ropes are heavier but have longer usable life as compared to synthetic ropes. Depending on the application and the load requirements, the ropes may be further assembled into grommets and slings. The rigging equipment, which combines the ropes, slings or grommets with fittings such as shackles, connects the lifting equipment with the load. Mooring equipment, a type of rigging equipment, such as the mooring wire rope, swivels and anchors connects the floating vessel to the seabed and keeps it on station. Related services comprise mainly load testing, installation of rigging equipment and certification of rigging equipment for further use. The Group's head office, warehouse and production facility are currently located in Singapore at 23 Changi South Avenue 2, KTL Distribution Centre, Singapore 486443, occupying a land area of approximately 9,900 sqm with a total built-in area of approximately 12,000 sqm.The Group's sales and marketing network covers mainly Singapore, South East Asia and the Middle East. The Group has a representative office in Vietnam and a branch office in Jebel Ali, UAE which facilitate our sales and marketing activities to tap opportunities in these countries. The Group also sells to customers in other parts of the world such as Asi

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