COCOS broke out of the pattern and was retested recently. The chart shows the possibility of a massive pump in the next few weeks based on the following reasons:-
1. Broke out of a long term resistance and retested 2. Trading above the Blue and the Red MA which indicates signs of reversal. 3. Good volume pouring in since the last few weeks.
ENTRY:- $1.03 to $1.23 If you want to get in, get in partially add on every dip...
Targets:-
$1.36 $1.62 $1.88 $2.18 $2.74 $3.39 $4.28 $5.36
Stop Loss:- $0.981
Do your own research before taking this trade, I am not a financial advisor. These are mid-term trade setups not meant to be taken as a scalping setup.
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