CYH seems a very good long setup. It had a wonderful rally since we first found it around $5. Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria * Date First Found- February 28, 2017 Pattern/Why- Fallen angel; Momentum Long Entry Target Criteria- break above $9.83 Exit Target Criteria- 1st Target $10.93, 2nd target $12.13 & higher Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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March 3rd - Went up huge 6.35% today with higher volume. But yet to hit entry. March 6th - Went up & hit entry price today. Looking good as Long.
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March 9th - slowly moving up holding above EMA lines, looking good.
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March 14th - Seems rolling over, not looking very good as Long. Putting a stoploss to $8.47 to stop big losses.