CPA - Rising wedge breakdown Short from $87.53 to $76.63

Short

Copa Holdings, S.A. (NYSE:CPA)

NYSE:CPA Copa Holdings, S.A.

CPA short

cpa short

CPA seems broken down from a rising wedge formation, retested it & now falling down. Moneyflow was diverging & now broken down to the negative side. We think it will decline to 75 area. However for a proper short entry we would like to break underneath support.

You can check our detailed analysis on CPA in the trading room/Executive summary link here-

Time Span: 11:10"
Trade Status: Pending

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