COCOA has been in a consolidation pattern for multiple years now. Testing lower side of the pattern and upper side, now it's in a very confined range and the upper/lower resistance/support line are coming to agreement. It is trading above resistance now and this would make an ideal long-entry when buying the pullback on the now broken resistance line around 2675~2750. Targets are 4130 ~ 4670.
Kommentera:
Big picture on CACOA
Handel aktiv
Kommentera:
Up 24% since entry so far.
Trade stängt manuellt:
Local top could be in for next few weeks. Looking for new formations. Good time to exit.
Kommentera:
Don't know what to say about CACOA ... It just keeps going strong, the targets from those R:R boxes were calculated on the range expansion based on the triangle width. Too early to short it, or play with options which can be interesting too.
Price between 6400 ~ 7700 seems realistic for now.
Price between 6400 ~ 7700 seems realistic for now.
Trade stängt: målet nått