FTN Cocoa has more than doubled its price in 3 weeks.
The questions are
1. Is this sustainable
2. What is the catalyst for this accelerated rise
However, my thought is clear on the chart. A fall below those levels may push it lower. But if the momentum continues, we may see a continuous positive run.
Tradew ith care
The questions are
1. Is this sustainable
2. What is the catalyst for this accelerated rise
However, my thought is clear on the chart. A fall below those levels may push it lower. But if the momentum continues, we may see a continuous positive run.
Tradew ith care
Nota
N5.2 is the next support level.The push-up was too vertical. Hence, the market needs to take a breath.
Nota
It pulled back to 5.5, which was a few kobo from N5.2 nairaNota
N6.65 horizontal TL and ascending TL are acting as a strong confluence support level.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.