Cogent

Yesterday, the global market rallied strongly and most of the European markets closed around 3.5% higher. This is an endorsement of the ECB expanded monetary stimulus package.

In the near term, the market will be bullish with central banks taking pro active measures to increase growth and the crude oil prices steadily going up due to less supply from non-OPEC producers coming into the market.

For Monday trading, Cogent is in my buying list because of its nice set up. This stock has been going up since last November and is not affected by the brutal sell down in the first 2 months of 2016.

2016Mar-Cogent-800x600

Buy only @ 0.49
Stop loss @ 0.46