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jopre0502
May 15, 2020 10:21 AM

$CEC: Bear flag with strong support @ 2 Short

XETR:CEC1D
CECONOMY AGXETR

Description

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Bear Flag continues to form. Choppy market on 14/05 did not devistate the support.
Earnings gave a bearish signal as well.
As long upper limit is not cleared idea stays intact.
Potential trade setup:

Target: 1.25 EUR
Entry: ~1.90 EUR
Stop: 2.25 EUR
Chart PatternsFlag
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