Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
Falling Wedge printing. Wedge breakout imminent. This one will fly fast. Watch it.
CDK is still within this ascending channel but the last 3 weeks has seen a drop in the price from highs of around $55. If we look on the daily chart price is approaching previous resistance and the 0.5 Fib level. I will be looking to get long from $50 but we could see price go as low 48.5 with a bounce off the ascending trend line. The RSI(2) is showing oversold...
High at $54.73, could see breakout beyond that.