AByfield

CBG LONG

Long
AByfield Updated   
NYSE:CBG   None
Yesterday we had the most bearish day in the market of the year, however even that the market closed with a big loss, CBG at the end of the day had a big pullback leaving a nice hammer in the D1 candle. We can see that it got to a really nice support in 32.5 and the lower level of an ascending channel.

We could start thinking in a bullish bias, however I recommend to be watching the reaction of the market before entering this trade.

KL: 34.10
SL: 32.30
TP1: 37.70
TP2: 39.00
Trade active:
We are finding a nice support in 36.50, lets go for the 37.70!
Trade closed: target reached:
First take profit reached, waiting for the second one. TP2: 39.00
Trade closed: target reached:
TP2 reached!

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