COCOA- Multi-year Long setup

2023年3月3日

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.

2023年3月6日

註釋

Big picture on CACOA

2023年3月6日

交易進行

2023年7月1日

註釋

Up 24% since entry so far.

2023年8月8日

手動結束交易

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

2024年2月12日

註釋

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.

2024年5月9日

交易結束：目標達成