AcolyteTrader

Long idea on CLH

Long
JSE:CLH   CITY LODGE HOTELS LTD
There is an IHS setup here. Bear in mind that this stock is pretty beat down and this a prime example of trading against the trend and it is indeed a very strong downtrend. I see a setup and, I'm taking the trade with more stringent risk management.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.