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Eliarich
Apr 18, 2018 6:41 AM

CF Industries sideways action  Long

CF Industries Holdings, Inc.NYSE

Description

The stock reached buying level at 35.80$, touched the 200 EMA, the trend line and a bullish divergence was in place. Currently at 39.08$ the ultimate target is 44.50$, with a hurdle at 40$ level. a close below the 200 EMA which seems to be tracking the last price swing well, will invalidate the scenario.

Comment

Good Bounce from the 40$ level. looks like 44.50$ is with in reach

Trade closed: target reached

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