CPA
CPA - Rising wedge breakdown Short from $87.53 to $76.63CPA seems broken down from a rising wedge formation, retested it & now falling down. Moneyflow was diverging & now broken down to the negative side. We think it will decline to 75 area. However for a proper short entry we would like to break underneath support.
You can check our detailed analysis on CPA in the trading room/Executive summary link here-
www.youtube.com
Time Span: 11:10"
Trade Status: Pending
CPA (Copa Holdings) SHORT- South Continuation Pattern 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