CPA – Triangle + Ichimoku Breakout Targeting 124

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