CTRN breaking all support areas! very dangerous to add a long position here, better to wait for confirmation move. above 36.71 id go long, below 23.29 id short
I bought today on holding the holder. There is a good chance of a rebound. SL only break down Fib support. Long, to the moon :-)
City Trends is a large fashion retailer with over 570+ stores in 33 states in the US. Stock has had a pretty deep pullback and looks to be recovering nicely. It back up above its 20 day moving average and hopefully will continue its stellar run. Could be worth keeping at eye on if you like the idea of the business.
Ascending Triangle, waiting confirmation Pros: Descending volume during formation Volume on break out R/R ratio avove 5 PPS above 50MA and 200MA RS ascending and above 0 250RSI above 50 Cons: 200MA flat If confirmed: PT1=22,69 (filled) PT2=27,40