After a good run
CM
is up around 12% from the time of writing since the last chart was put out. (Link at bottom)
As there is plenty of resistance around this level i think it's best to sell.
I think we could see a very deep retrace from here, so I'll be watching to re-buy around $100 if I can!
Keep watching for bullish price action below, and don't get greedy!
Overall i consider this stock a really good pick! Definitely a keeper, with a great dividend.
Not expecting it to break lower trendline.
Previous chart:
(www.tradingview.com/...C-Trendline-support/)
CM
is up around 12% from the time of writing since the last chart was put out. (Link at bottom) As there is plenty of resistance around this level i think it's best to sell.
I think we could see a very deep retrace from here, so I'll be watching to re-buy around $100 if I can!
Keep watching for bullish price action below, and don't get greedy!
Overall i consider this stock a really good pick! Definitely a keeper, with a great dividend.
Not expecting it to break lower trendline.
Previous chart:
(www.tradingview.com/...C-Trendline-support/)
Trade closed: target reached:
Out of short. WIll look for long entry
Comment:
Close to major resistance again.
No point in going long here, the risk isn't worth the reward.
Will consider a long, with a break over $112.
Otherwise still aiming for that $100 ish area.
No point in going long here, the risk isn't worth the reward.
Will consider a long, with a break over $112.
Otherwise still aiming for that $100 ish area.
This would be the ideal scenario.
However, not 100% confident this is the top. Still hoping to buy around $100~
Right now looking like the bottom should be $99-102~