FTN Cocoa Processors Plc
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FTNCOCOA FTN Cocoa Processors Plc

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FTN Cocoa Processors Plc price action just formed an inverse head and shoulders pattern.
Current price: 2.00 (at Neckline Resistance)

Investment buy reasons:
1. Notable higher highs created from 0.94 to 1.47
2. Current price is a low risk buy, as price action has retraced over 50% from all time high of 4.1

Profit taking areas if price action breaks neckline resistance: 2.97, 3.96
Note: This Analysis invalidates below. 1.47

Disclaimer:
This is for educational purposes only and does not constitute financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
交易進行
FTNCOCOA Price action retesting neckline resistance around 2naira/share. Breakout or continuous rejection?
註釋
Idea still valid...
註釋
finally making a move above the 2naira per share mark
交易結束:目標達成
all targets reached.... what a long wait! 9months now 6.2naira per share

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