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TheTradingBay

CIM Short after it broke previous low of Oct 2020

Short
TheTradingBay Updated   
ASX:CIM   None
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Entry: 18.59
Stop loss: 19.04

Shorted CIM after it broke its previous support of 18.53 in Oct 2020 supported by good volume.
The 3 SMAs are trending downwards in an orderly fashion. Might do a hit and run as current market is still biased towards the upside.
Trade closed manually:
Covered the position after it remained and closed above the 8SMA.
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