COCP Chart

It might be better to look at a 1 month/bar chart going back to 1/2018. COCP started at the end of 3/2014. The monthly view would make it easy to find and plot the descending line.



Bear in mind, that the view is still skewed by virtue of a reverse split 1 for 30 during Jan 2018. Which fact causes the price plots prior to that to be multiplied by 30.

I have the capability to view prices unadjusted for that split with Worden's TC2000. Shortly after becoming COCP (formerly Biozone), price began at a low of 0.26 and moved to a high of 1.53 in March 2015. Then began a decline to a low of 0.17 in Dec 2017 which put them on the Delisting threshold. Thus the 1 for 30 which moved the price to open in Jan 2018 at 5.84 and all of the prices prior to Jan '18 are distorted by a factor of 30X.

Now, if we are looking at the prospects for advancing price, while there could be overhead supply going back maybe as far as 2018, the relevant price activity is probably 2020 and on. Changing to a weekly view of that action, and perhaps ignoring those weeks that enjoyed false moonshots that faded hard, there is notable resistance around 2.09 and higher lows at the swings. And that suggests an ascending triangle which is usually good.