The Vita Coco Company is up a bit on the day, funds flowing in kept the price up 2.86% since yesterday. COCO is near or at a moderate resistance line, it may make a reversal here or possibly punch through and keep moving up if the buying pressure is consistent. The Vita Coco Company has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $46.58 level, hard to say where it will go from there though.
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