CBT is forming a huge rising wedge. Moneyflow is also running within a triangle formation. We would consider a short position if it breaks below & keeping it in watch list for now.
You can check detailed analysis on CBT in the trading room/ Executive summary link here-
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Time Span- 12:40"
Trade Status: Pending
CBT is in weak speciality Chemical sector, and now running in a big upward channel. It has huge down side potential if the channel breaks down. We think it can decline to 36 area.
You can check our detailed analysis on CBT in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:50"
Trade Status: Pending
Massive long-term reversal, bullish sector development, benefiting from lower crude prices, improving earnings, yield plus capital upside. Trade at a very low Forward P/E. Long-term (9 month) target is 54.50
Due to several days of strong positive volume the OBV has broken its downtrend and moves to the upside, indicating that there are accumulators at the current level. The prior days candlesticks are testimony to this as they both have elongated high wicks. The weak ADX shows us that the current downtrend is not that serious and thus it is possible to trade against...
with tight stop at previous low at $32.5 area, this seems bullish if price breaks above its 9-day exponential moving average. Patient traders can wait above 18-day ema for entry. The stock is undervalued by at least 25% from its historical multiples. This bullish pattern has a measured move to $45. Join us www.woowtrading.net
