Text me if you have any questions/comments for me.
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CTM
- Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry
- Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance
- In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies
- Friday’s price action is a false breakout accompanied with above average volume
- Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels
- If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
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CTM
- Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry
- Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance
- In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies
- Friday’s price action is a false breakout accompanied with above average volume
- Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels
- If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.