NYSE:CBB
Hey, folks.
Today I suggest to look at interesting shares of CINCINNATI BELL INC.
What you see on the chart, traders call a thread.
This concept applies to an instrument when the security price is clamped in a very narrow channel.
You can see how a large investor is stepping up the price, i.e. leading it higher and higher from one support level to another: watch how the lower boundary of the price rose from Level 1 to Level 3.
For you and me, this means that a large buyer is gaining volume and no longer wants to pay worse price for his position than he needs.
Usually, the movement in these securities has to wait a long time, but the growth potential here can be just colossal.
But expand the chart and see: the volume in the paper has been growing for 115 days - for us this means that the realization bar will be very large.
Personally, I will go above 15.06, set the Buy Stop Limit and indicate the size of the backlash at the entrance about 10-15 cents.
I will put the Safety SL below the first support level, because usually, before going to the top, a big player throws extra passengers out of the paper.
With considerable patience and calmness, this paper will be able to bring several thousand dollars per trade.
Naturally, everything depends on your deposit and the risk allowed for trade.
Hey, folks.
Today I suggest to look at interesting shares of CINCINNATI BELL INC.
What you see on the chart, traders call a thread.
This concept applies to an instrument when the security price is clamped in a very narrow channel.
You can see how a large investor is stepping up the price, i.e. leading it higher and higher from one support level to another: watch how the lower boundary of the price rose from Level 1 to Level 3.
For you and me, this means that a large buyer is gaining volume and no longer wants to pay worse price for his position than he needs.
Usually, the movement in these securities has to wait a long time, but the growth potential here can be just colossal.
But expand the chart and see: the volume in the paper has been growing for 115 days - for us this means that the realization bar will be very large.
Personally, I will go above 15.06, set the Buy Stop Limit and indicate the size of the backlash at the entrance about 10-15 cents.
I will put the Safety SL below the first support level, because usually, before going to the top, a big player throws extra passengers out of the paper.
With considerable patience and calmness, this paper will be able to bring several thousand dollars per trade.
Naturally, everything depends on your deposit and the risk allowed for trade.