In my previous post I mentioned COCO as the most interesting set-up for tomorrow and I said that supporting news sometimes really help. But, I forgot to explain what I actually meant.
Well, read this:
Typically short sellers are pretty good in identifying weak plays and dragging them down to the very bottom. Sometimes I short sell too, but mostly I appreciate short-sellers job as they help to create short-squeeze situations, very profitable for intraday bulls.
Another confirmation for COCO: P&F chart we used to locate SHZ opportunity just 2 days ago.
Same pattern here. Have a look at the chart below.
As you can see there is a bullish alert column (the highest X begins above the top of the previous column of X's on that same chart) and Price objective is $7.00.
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