I like this setup, because it came from my scanner, which I trust more than any living human I know.
I want to go long, but it's too messy near the bottom. Might be ok for an options play, but for owning stock and requiring a stop loss I think it's a bridge too far.
Still curious about the fate of the stocks that come up on my scanner, however, so that's why...
In the first post(linked) i hesitated and was not suprised if the move fails as there was a higher chance the trade was not mature enough, as price unfolded and the structure is much more mature now, updated the analysis to the correct and current situation.
The best scenario (which i am expecting, as the price hints it) is to be able to breach the 21$-22$ major...
CIM might easily be playing tricks on me, but if not... potentially a serious holder, similar to other emerging trend trades in my profile(MTG,TOL,A, etc). fingers crossed.
Lots of built-up potential with a strong eager will shown to emerge and break the major resistance early, i mention early as usually there are signs which should take place prior to the...
