Prior to this continuation pattern we had Head and Shoulders pattern that reversed long uptrend. Currently, we had nice downturn, followed with this continuation pattern. Here, we have very good RRR 1:4. Thus, very plausable trade. Have a nice trading week, Vukman
CPA is having a rough time right now with the money stuck in Venezuela, plus added competition in the region and inside Panama, for the first time they are looking to diversify into the european market, with the earning comming and no news of the money inside Venezuela, even low gas prices wont help much, added to that is a strong technical analisys that suggest...
After printing a high earlier in 2014 CPA has been heading down. It found some support at $100 and the weekly 200ma initially but now price has broken below this level. The move on the daily chart, since breaking below recent support and $100, has been quick (with a succession of bearish bars) and price is now approaching the pivot high (from 2012) of $86.50. We...
Copa Holdings is grinding out a massive base with momentum supporting it on a relative/absolute basis
Parabolic uptrend. Mysterious to me why after 96, other than breakout momentum... Short only top of channel or uptrend breakdown.