CNAT started to move today. We picked it earlier as flag formation, but did not workout as flag, but it seems ready now. Moving averages giving it support & Moneyflow also holding strong. Seems very good long potential.
* Trade Criteria *
Date first found- February 9, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $5.14
Exit Target ...
CNAT -0.57% looks like a very good flag setup. It has very good upside potential, If it breaks higher.
Entry Target Criteria- (Aggressively) break of $5.63
Exit Target Criteria- $6.93 or higher
Stop Loss Criteria- $4.97
You can check detailed analysis on CNAT -0.57% in the trading room/ Executive summary link here- ...
Was very nice move today, vol increased dramatically,
Shorts and sellers seems to be less aggressive,
BUT, yet couldn't break resistance @ 4.50 even with that vol.
Closed right below resistance.
Bulls should bring a lot of buying pressure @ the opening bell to break it.
If they couldn't make it done IMO the move will not last.
Next resistance @ 4.70 , to far ...