TradingView
giltorres7714
Jul 24, 2021 10:09 PM

Strong Resistance for good Short opportunity on CPA. Short

Copa Holdings, S.A.NYSE

Description

CPA is in a short term downtrend and is looking like it could possibly continue this downtrend. I have marked the key resistance points for the possible short swing opportunity. I think that there is strong resistance around the zone where I put the yellow box. If price follows the yellow path and breaks the now green support line to go bearish than there could be a good short swing opportunity and the now green resistance line can be used as a S/L on a short position.
Comments
TR7z
Bearish : deathcross ,candlestick. Bullih MACD. Resistance : Cloud Baseline and MA20 1D resistance. Could work but certainly not a self-runner, a trade that has to be managed very precisely. ad also keep an eye on the index very closely, but for your first post you have to do a good job
giltorres7714
@TR7z, Thanks for the feedback!
TR7z
in my opinion there are IMO interresaner assets
More