COCOA- Multi-year Long setup

3 de mar. de 2023

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.

6 de mar. de 2023

Nota

Big picture on CACOA

6 de mar. de 2023

Trade ativo

1 de jul. de 2023

Nota

Up 24% since entry so far.

8 de ago. de 2023

Trade fechado manualmente

Local top could be in for next few weeks. Looking for new formations. Good time to exit.

12 de fev.

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.

9 de mai.

Trade fechado: objetivo atingido