CUAN trade ideas
Bearish Divergence IndicationCUAN has been experiencing significant trading volume, particularly after its inclusion in the FTSE index. Given its strong uptrend, it is important to be cautious of potential reversals, especially since the current price is near its all-time high. A bearish divergence is observed on the 1-hour chart using the MACD indicator, as the candlestick pattern shows an upward trend while the MACD line indicates a downward trend. This divergence could signal a minor correction within the major uptrend, with a potential price pullback to the first support level (13,675 - 13,500). This potential correction presents an opportunity to enter new positions at a more attractive price, considering the average market price of big funds at 12,138, based on accumulation since December 12, 2024. However, this bearish signal would be more confirmed if the MACD line crosses below the signal line.
Disclaimer: This analysis is for general information purposes only and does not constitute financial advice. Investment decisions should be made based on an individual's specific financial situation and after consulting with a qualified financial advisor. The author is not responsible for any investment losses
Cuan potential bearish trendPotential LH and LL in HTF. Going to bid after we make consolidation after big down
CUAN - PRIMARY BASEI bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
