CUBI: Interesting long setup

127 0 13
9 months ago
We have an interesting setup in CUBI             . I have taken many long trades in it before, and this is a good chance to reenter if support holds. Price has hit the yearly SMA , and also hit a weekly range expansion bar's mid point, which usually acts as support during a trend. As a sidenote, we have a 50% speed line support here.
There's an active weekly uptrend, and the target for it is 28.54 to be hit before July 8th. We can enter longs at market open, with stops under 24.71 for a 2.56R trade opportunity here.

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Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
9 months ago
Comment: Let's see if the market picks up some steam during the week. Monday's session has been disappointing for longs.
9 months ago
Comment: Seems viable still.
9 months ago
Comment: Back in the green.
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