CYH seems a very good long setup. It had a wonderful rally since we first found it around $5.
Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Fallen angel; Momentum Long
Entry Target Criteria- break above $9.83
Exit Target Criteria- 1st Target...
CYH was in watch list from very long time. It's looking very strong now. It has some insider buying & the pattern suggests that it is waiting for something big. We think if it can cross the moving average it can go all the way above $12
Entry Target Criteria- Break of MA20 line around $5.80
Exit Target Criteria- $12
Stop Loss Criteria- N/A
CYH getting some upward momentum after a huge decline as it seems breaking out major support area. It also has significant amount of Insider buying recently. We would look for a momentum type of long at the break of 5.93 & we would also consider $7 March calls @ $0.65
You can check our detailed analysis on CYH in the trading room/ Executive summary link...
This first chart which starts my practice of determine stocks levels and my attempts to choose stocks for trading.
Now price went down under support line of 25.36. This is the lowest point of two years.
The strong short signal will be appear if next day consolidate under this line.
If so, next goal for stop will be near 21.00, than - 16.00.
If not and we...