Bullish & Bearish cases for Cocoa

17 ธ.ค. 2024

The GOAT thinks a confirmation above the drawn resistance line (a bit above the double-top) will send the cocoa to 15k (well at least I have an excuse not to buy any chocolate for my boys).

A Rejection at that level will send us down, possibly an M top kind of move.

RSI was in negative divergence territory but now shows a possible breakout... this makes things a bit biased toward the bull case

I personally am too afraid to go long at this level.

I have a sell stop order at around 11k... I rather wait and see how this plays out around that hypothetical resistance line.

19 ธ.ค. 2024

บันทึก

The move above the resistance line was a fake and negated. I still have sell stop order at 11k. I hope it gets triggered soon :)

27 ธ.ค. 2024

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

I got my sell stop at 11k triggered and now I am out with a decent gain at 9k :D