Bearish potential detected for CIA

Apr 26

Entry conditions:
(i) lower share price for CIA along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the potential support area of $4.92 from the open of 7th October 2025.

Depending on risk tolerance, the stop loss for the trade would be:
(i) above the quarterly VWAP (currently $5.17), which corresponds well with the potential resistance from the open of 19th February (i.e.: $5.18), or
(ii) above the yearly VWAP (currently $5.39), which corresponds well with the open following the gap down on 13th February (open of $5.44).

May 2

Trade active

UPDATE (week ending 01-May): Trade activated towards the end of the trading week, with respect of the short-term moving averages to the downside.

May 8

Trade closed: stop reached

UPDATE (week ending 08-May): Conservative stop above the quarterly VWAP triggered on 7th May (more as a warning signal since the close of the day was not above the quarterly VWAP) - charts are suggesting to exercise caution regarding a potential trend change, especially since the share price closed above the prior resistance area of $4.92 from the open of 7th October 2025. Coverage ceased.