By no means has the sell off stopped; in the next few days, there should be another big drop;
if we manage a move outside the blue resistance (top), then we will begin a new structure; however, it is likely that we will bounce straight down from it
You certainly should keep an eye on this when trading resumes Monday, the pattern is an indicator for a good move up. Although the breakout looks very good the volume hasn't increased at all which is a concern of course. But it looks good enough that although I'm not an accountant I checked out the 10-K; I think the company is in the black and they have...
This is a very nice setup for swing trading.
we have a strong uptrend with a correction coming in, if the past tells us the future. and after that we should see another long swing.
So, take your positions, or do not. I am pretty sure the uptrend is broken soon and will end up in a correction, wich leads us to the next upward movement.
Happy trading for you and...
CORT seems from a rising wedge formation. Moneyflow is forming divergence. Now we would consider a short if it reaches to its upper line around $13 mark.
We think it has very good down side potential.
* Trade Criteria *
Date First Found- July 13, 2017
Pattern/Why- Potential rising wedge breakdown
Entry Target Criteria- Rise to $12.87-13
Basing near neckline of double bottom.
EPS due date N/a
Horizontal S&R yes
Channel S&R yes
MA S&R yes
Volume confirmation 2x
Candle Confirmation yes
Stoch Divergence yes
Reg Trendline >85 88
bot on close today, and will add at $8
Date First Found - November 15, 2016
Pattern/Why- big selling- low probability but great risk to reward ratio
Entry Target Criteria- break below $9.37 (hit November 15, 2016)
Exit Target Criteria- $8.43
Stop Loss Criteria- $10.13
Indicator Notes- high risk, possible day trade, big insider selling