Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
CNK buy buy at 35.* - 34.5 goal 1: 36 goal 2: 37 goal 3: 38 goal 4: 39
Bearish bat on the weekly and bearish crab on the daily. Both pattern have very good measurements, and we are also seeing bearish divergence on the crab pattern.
$CNK are movie theaters time a thing of the past like the drive inns, Barron's 4 or 5 months ago published a neutral to bearish article, I wonder what will be the future of them. $ROKU is the future.
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This a great kick ass trade for the week of January 21st. CNK