TheArtOfCharting

KOJAMO - 20 months CUP & HANDLE

Long
OMXHEX:KOJAMO   KOJAMO PLC
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS


🤝Let’s learn and grow together 🤝
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Hello Traders ✌

After 20 months consolidation at the all-time highs, Kojamo could be ready to resume the uptrend (weekly chart shown). The Handle can be considered as a Cup & Handle in itself (orange one) which gives more consistency to the pattern.

  • Pattern Class: 🌕🌕🌕🌕🌕
  • Target area: 27.20
  • Breakout area above: 22.50
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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