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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.