CBI seems forming a downward pennant or flag formation. Both suggestion a decline. If it breaks below $31.91, it can go all the way down to $28.50 area. Trade Criteria Entry Target Criteria- Break of $31.93 Exit Target Criteria- $28.43 Stop Loss Criteria- $33.03 Trade Status: Pending (Note: Trade update is delayed here.)
CBI seems forming a inverted flag formation. Trade Criteria Entry Target Criteria- Break of $32 Exit Target Criteria- $28 Stop Loss Criteria- N/A You can check detailed analysis on CBI in the trading room/Executive summary link here- www.youtube.com Time Span- 7:30" Trade Status: Pending
CBI expected to open at 43.65 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com