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Chartoholic

CIG is flagging and attempting to break out

Long
Comp En De Mn Cemig (NYSE:CIG)  
Chartoholic Updated   
NYSE:CIG   Comp En De Mn Cemig
Trend Analysis Chart Patterns Technical Indicators
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CIG is flagging and showing bullish signs ahead of earnings, any miss in earnings on Monday could send the stock back to around 2.1$ which will be a good opportunity to buy IMO otherwise a breakout of the flag on Monday after earnings is buy signal. Anticipated price action and targets are shown on the chart, stop loss at 2.0$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Trade closed: target reached
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