Cochlear Limited (ASX: COH) is showing strong bullish potential after price tapped into a respected Monthly Order Block (OB). This region aligns with a historically strong demand zone, offering a prime entry opportunity for longer-term investors and SMC traders alike.
From a Smart Money Concept (SMC) perspective, the structure remains bullish:
- Price swept a low into the Monthly OB, indicating engineered liquidity grab.
- The reaction shows strong displacement to the upside, validating the OB.
- Volume also suggests institutional interest at this level.
- There’s now a clean path toward Equal Highs at 351.51, a natural draw for buy-side liquidity.
With COH offering consistent dividend payouts, this could be a double win – capital appreciation + income.
🧠 As always: Do Your Own Research (DYOR).
From a Smart Money Concept (SMC) perspective, the structure remains bullish:
- Price swept a low into the Monthly OB, indicating engineered liquidity grab.
- The reaction shows strong displacement to the upside, validating the OB.
- Volume also suggests institutional interest at this level.
- There’s now a clean path toward Equal Highs at 351.51, a natural draw for buy-side liquidity.
With COH offering consistent dividend payouts, this could be a double win – capital appreciation + income.
🧠 As always: Do Your Own Research (DYOR).
INSIDERINTEL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
INSIDERINTEL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.