demyanchuk
Long

CBS: weekly chart supports daily consolidation

NYSE:CBS   CBS CORP NEW
Signals:
weekly double bottom
weekly consolidation-flag under inclined resistance (we forecast its breakout because double bottom hasn't played itself yet)
daily consolidation-flag

Buy 53.00 (breakout of daily flag's top line)
Stop-loss 51.10 (-2 tics flag's low)
Long-term target 64.00 (sizing+horizontal resistance)

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