2waytrading

Bullish Continuation Wedge

Long
BATS:CBT   Cabot Corporation
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with tight stop at previous low at $32.5 area, this seems bullish if price breaks above its 9-day exponential moving average . Patient traders can wait above 18-day ema for entry. The stock is undervalued by at least 25% from its historical multiples. This bullish pattern has a measured move to $45. Join us http://www.woowtrading.net