FTN Cocoa Processors Plc price action just formed an inverse head and shoulders pattern.
Current price: 2.00 (at Neckline Resistance)
Investment buy reasons:
1. Notable higher highs created from 0.94 to 1.47
2. Current price is a low risk buy, as price action has retraced over 50% from all time high of 4.1
Profit taking areas if price action breaks neckline resistance: 2.97, 3.96
Note: This Analysis invalidates below. 1.47
Disclaimer:
This is for educational purposes only and does not constitute financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
Current price: 2.00 (at Neckline Resistance)
Investment buy reasons:
1. Notable higher highs created from 0.94 to 1.47
2. Current price is a low risk buy, as price action has retraced over 50% from all time high of 4.1
Profit taking areas if price action breaks neckline resistance: 2.97, 3.96
Note: This Analysis invalidates below. 1.47
Disclaimer:
This is for educational purposes only and does not constitute financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
Transaction en cours
FTNCOCOA Price action retesting neckline resistance around 2naira/share. Breakout or continuous rejection?Note
Idea still valid...Note
finally making a move above the 2naira per share markTrade fermée: cible de profit atteinte
all targets reached.... what a long wait! 9months now 6.2naira per share
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.