BluePipSquad

Range opportunity

Long
NYSE:CBT   Cabot Corporation
Here's a stock trade idea. We have a perfect range here and we are looking for a bounce off the support level . It will still take a few days to a week to play out so let's wait it out and see.
Comment: Price may be ready to breakout instead of retreating to support. We will have to wait a bit longer to see.
Comment: Price is beginning to move in our direction. Hopefully it will break the weaker support level and drop down to major support
Comment: At this point we are looking for some bullish evidence as price nears support.
Trade active: I was a bit slow to update this post but hopefully you took the trade. This looks to be a winner thus far.
Trade closed manually: We don't want to stay in a trade too long that has not hit our target. Best to exit this for profit now. Close enough.