CME testing support, getting thrust after Cup and handle

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I am going to set this chart on neutral because I don't see the buying signal yet, and all the global markets are down this week. I am allready long this stock , I'm currently sitting on a loss, waiting for the market to turn, with a stop under the daily support and the last swing low.

Now let's have a look at the chart. The most obvious point of this chart is the Cup and handle , nothing to explain here. After breaking the top of this formation and rallying for a while, we now have a pullback. I bought on the first touch of the support level and the hammerish candle, let's see if we have another buy signal. A move under this support level would cancel this setup, and i would wait for it to retrace to the weekly support or the area between the two moving averages which for me represents a buy zone. On the MACD we have a huge class A bearish divergence, and price is acting acordingly, but since we are still in an uptrend if we look at the moving averages, it might be just a small correction. According to this theory, I would wait for another buy signal around the daily support. If I will see one, I will post a comment. Till then, it is just sitting and watching
13.12.2013 looked bullish. today 13.12.2013 looks even more bullish. I am allready long since the first hammer near support. probably it is a good time to get in if u havent yesterday
vlad.adrian PRO vlad.adrian
12.12.2013 was the first date sorry
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