the bottom of the bullish channel. OBV slowly diminishing and RSI has some room to find support. Recent bearish MACD xover while in a macro marginally bearish MACD trend. Even though SMA50 (Red MA) has a positive slope, prior signals warrant caution near term.
Let it pull back some. Discounts entries are ok. Be patient. Let others do the hard work first; with...
CB brokeout upside after it cleared the descending overhead resistance line and pushed price to achieved the bullish triangle measured target price almost hit the target price and price started to consolidate last few sessions and may seen head back to $96 so approach with cautious attitude on mildly bearish bias. If you need a real time on this security try us...
Just a technical setup.
Overbought and rolling over.
I used a simple 11-day, 22-day MACD to display. 22-days is the average month, which is usually the right number to capture what is going on inside of a quarter (63-66 days, typically).
Risk versus reward is labeled at roughly 1:2.
Best regards,
Tim
2:39PM EST, Oct 1, 2013
