Daily cocoa analysis A long position with the target and stop loss as shown in the chart The trend is up, after it breached the descending trend line, it came back to test the rising trend line from it, we may see a strong rise.
Several rejetcs of the resistance + a M pattern, the price break the 20 period SMA
Very sharp and strong landing, knowing that it has reached a very strong demand area, and we can see a light rise, and if this region breaks, it will continue to drop to the lowest points.
I will start with Base Support (SB) which in my last analysis I said: ‘Base Support SB at 2315 still holds, if this breaks next support would be around 2200 ($80q) followed by 2150.’ On July 1, the price of CC touched the base support level, and bounced back up only to fall on July 7th again and close the week on the SB level. This is clearly not a positive and...
Daily CC analysis Sell trade with target and stop loss as shown in the chart The trend is down, after it breached the ascending trend line, it came back to test the descending trend line from it. We may see a strong drop.
Bought little CC, but waiting for smaller pb for going long..
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You are welcome haha. In which direction do you think it is going to explode? Trail or target?
Cocoa remains under strong downward pressure since May. It has failed to break above slope D. The averages are also holding a downtrend. SB base support at 2315 still holds, if this breaks the next support would be around 2200 ($80q) followed by 2150. MACD is approaching its first bounce level of -40, could make an attempt higher. Keep this in sight. If this...
Daily cocoa analysis A long position with the target and stop loss as shown in the chart We entered a buy position based on the uptrend data. We recommend buying from the areas shown
Daily CC analysis Sell trade with target and stop loss as shown in the chart
Daily cocoa analysis Sell trade with target and stop loss as shown in the chart
Daily cocoa analysis Sell trade with target and stop loss as shown in the chart
A strong breakdown of grandfather's strong calling levels and the start of a drop to the lowest points or demand areas that in turn are considered strong calling
Cocoa within the Strong Grandfather Bounce Zone has broken a very strong important support and we are likely to see acceleration down and strong selling opportunities
Elon Musk tweet: "Chocolate milk is insanely good. Just had some." 09.05.2022 twitter.com I think Elon Musk is trying to tell us that cocoa is a good investment right now :D I agree with the idea. not investment advice!