Why I feel it is....
Since September, CMG is selling off (slow mover) ....
I think you can see all the reasons why.
Confirmation for the next downturn will be a break of the wedge, a break of the level in green. That would be your confirmation.
Since September, CMG is selling off (slow mover) ....
I think you can see all the reasons why.
Confirmation for the next downturn will be a break of the wedge, a break of the level in green. That would be your confirmation.
Comment:
This is one trade I did close out.. I was up $60 in a day or two and said this is coming down to fast so I closed it out. I will be watching for re-entry. The downside is tremendous here.. I just am looking for the ideal entry and with it coming down so fast its bound to have some upside short term. How much? That's what I will be watching.,