CPA Copa Holdings (CPA) is breaking out of a long-term descending triangle and clearing the Ichimoku Cloud with strong volume. This double breakout signals a potential trend reversal and momentum surge.Trade Setup:
Entry: $101.12 (current)
Stop Loss: $95
Target: $124
Risk–Reward: ~1:3.8
Clean structure, volume confirmation, and Ichimoku alignment make this setup one to watch. Targeting $124 over the next few weeks if breakout holds.
#CPA #Breakout #DescendingTriangle #IchimokuCloud #SwingTrade #TechnicalSetup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.