Expecting CPA to retrace above 91s - 93s for the following weeks, before a long term continuation for lower prices.
BS LEVELS OF INTEREST: 91.50 TO 93.50
SS LEVELS OF INTEREST: 80.90 TO 79.50
Will update before end of year.
Copa Holdings is in the Airline and Air Transport business mainly in emerging market areas. I’ve marked up this weekly chart and missed it as a trade in November 2022. It’s now looking like it may be ready to breakout of a 2-year base / area of resistance. See notes on chart for more details.
I’ll be ready this time as I set an alarm on the 2-year base area (it...
CPA is in a short term downtrend and is looking like it could possibly continue this downtrend. I have marked the key resistance points for the possible short swing opportunity. I think that there is strong resistance around the zone where I put the yellow box. If price follows the yellow path and breaks the now green support line to go bearish than there could be...
Based on Current PA, I'd like to see some rebalance at around 46s level to wait for a long opportunity.
My Key Levels:
*46.20s: probable long opp.
**53.50s: 1st long target.
***62s: 2nd long target.
****65s: 3rd target
*****72.80s: 4th and final target
Contextual immersion trading strategy idea.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services.
The company said on Monday it may not have enough liquidity to survive the coronavirus crisis despite cutting costs, becoming the second major Latin American airline to suggest that it may cease to exist due to the outbreak —...
Strong earnings reports demonstrated company's ability to be able to generate profits and refine their operations costs. Their were able to create a profitable 2019 as compared to 2018. I believe the report will aid the stock to rise higher over the next few weeks.
EARNINGS CALL HIGHLIGHTS
Good morning, everyone, and thanks for joining us. Let me begin by joining Pedro in congratulating our entire team for all their astounding achievements during the quarter. Due to the grounding of the MAX fleet, our capacity for the second quarter was 4.3% lower year-over-year, while revenue passenger miles decreased only 2.5%, which...
Copa produced a very clean earnings report in which the highlight was the 4% decline in cost per available seat mile (CASM). Capacity also increased 2% while revenue declined slightly as expected. Air traffic in South America is expected to grow by 5% year on year for at least the next 15 years as emerging nations produce higher disposable income. We believe we...
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price into the correction of the downtrend movement as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study,...
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...
Prior to this continuation pattern we had Head and Shoulders pattern that reversed long uptrend. Currently, we had nice downturn, followed with this continuation pattern. Here, we have very good RRR 1:4. Thus, very plausable trade.
Have a nice trading week,
Vukman
