FTN Cocoa has more than doubled price in 3 weeks

205
FTN Cocoa has more than doubled its price in 3 weeks.

The questions are
1. Is this sustainable
2. What is the catalyst for this accelerated rise

However, my thought is clear on the chart. A fall below those levels may push it lower. But if the momentum continues, we may see a continuous positive run.

Tradew ith care
Not
N5.2 is the next support level.

The push-up was too vertical. Hence, the market needs to take a breath.
Not
It pulled back to 5.5, which was a few kobo from N5.2 naira
Not
N6.65 horizontal TL and ascending TL are acting as a strong confluence support level.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.