iAnneTrader

CPA downtrend meets support

Singkat
NYSE:CPA   Copa Holdings, S.A.
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 should expect to see a small pullback toward $100 before this level is cleared but if not we still want price to comfortably clear $86.50 before considering a short.

Beyond this the next major support is $73.33. If shorting I would want my trade to be risk free before getting to this level.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.