On the M30 chart the trend started on Nov. 24 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 15.14
But we should not forget about SL = 13.78
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Only technical analysis, The MACD is falling sharply which means there is an absence of buyers. However, I have price projections that will drop to 14.77 and have a sharp rejection. I viewed this on the 4hr chart for more accuracy compared to the day chart. Assuming the mean of the chart within 5 years is around 32.5 or 33 --a guess-- then price will eventually go...
Is history repeats again?
In my view, both line graphs are very similar. If CNK reaches ATH which is around $45, it might break it and continue its gain!
Extraordinary opportunity to enter this stock and purchase some shares!
Cinemark Holdings, Inc. together with its subsidiaries, is engaged in the motion picture exhibition business. As of March 4, 2021, it operated 531 theaters with 5,958 screens in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay.
CNK is a very...
Reason: For a little over one year, the pandemic forced people to avoid or cancel vacations and spend money on the products and services they wanted. Instead they had to stock up on food, guns, and toilet paper.
Therefore, the current price point of CNK stock is attractive.
Apr 7
One more trade for today, wolves🔥
Symmetrical triangle on CNK share.
Occasionally the price is in a side-trend.
So the breakout will be a signal for those in whose direction the price will go.
Bulls or Bears!
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout...
Good day, folks🔥
There is one more interesting formation.
Symmetrical triangle on CNK share.
There was a strong bullish impluse before this consolidation.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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If...
The stock broke out the symmetrical triangle (upper resistance). Now it might be resisting the breakout area and bounce to the next resistance. I'm going into a long position and hold it until my target. Good risk/reward ratio!
Recently came down to test support and had a nice bounce. looking at this micro pull back for another test of breakout support, or a break above 23.76.
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of March 4, 2021, it operated 531 theatres with 5,958 screens in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
CNK is one of the companies in the leisure and entertainment industry that has made a great run in the past few months. The stock is currently trading about 200% from the October 2020 lows, but still roughly 30% below the pre-pandemic levels. Since Saturday, March 13, the company has started reopening movie theatres in the Los Angeles area. Today we have to see...
