COCOA- Multi-year Long setup
Actualizado
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.
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Big picture on CACOAOperación activa
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Up 24% since entry so far.Operación cerrada manualmente
Local top could be in for next few weeks. Looking for new formations. Good time to exit.Nota
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.
Operación cerrada: objetivo alcanzado
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