COCOLND Forming Bullish Pennant

After Cocolnd has went up more than 15% and it starts to consolidated with lower volume due to profit taking. In progress it created a pennant.

 

Indicators
1 ) Trendline - Uptrend (Bullish) .
2)  Support/Resistance - Formed Higher High (Bullish)
3) MACD - Formed  4G1R(Bearish)
4) RSI - Retracing towards 70% (Slightly Bearish)
5) STO - Bearish Crossover and retracing towards 80%  and Bearish Crossover (Slightly Bearish)
6) Ichimoku -  a) Price above the support cloud (Bullish).
                       b) Conversion line  above the base line (Bullish).
                       c) Price close above the baseline ( Bullish) .
7) Candlestick pattern - Forming Bullish Pennant . It has two way chances
Break up above - 2.66 with high volume - Target Profit at 3.13  ( 18%)
Break below 2.54 with high volume - Target lose at 2.06 ( 18.9%)

Resistance at 2.6 / 2.66 / 2.83 / 2.88 / 2.93 / 2.98 / 3.13
Support at  2.49 / 2.46 /2.43 / 2.33