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Time period is a little short. I am watching over the next week.
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Trading at 3.88 now. validating the cup and handle I believe. I still think there is meat on the bone here folks. Great space. Much upside. Good Luck.
tenks I will probably wait till 4,15 and go short, stop loss 4,5 , target 2,75. Good lock to you to my friend.
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Did you mean that you get in long at 3,58, target 4,05 and stop loss at 3,38, for my point of view R is only 2,35. How do you see here diferently. Thansk for answer.
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@matjaz70, In my 3 month look, I have a partially verified downward facing channel in my cup handle. It just broke out of the channel to the bullish side. I have been long but am thinking about adding to my position here. I think it is a good entry point a 3.50. As far as an exit strategy goes, that has always been my weak spot. I will watch it closely and put stop losses far enough down to catch myself but not inadvertently dump my position (I hope). I am all ears if you have another take on it. Thanks for the post.
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@matjaz70, Also, in my latest analysis, I see a bullish engulfing candlestick on the CBDS. Good Luck my friend.
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