Stock suggested by my dad as one to watch. Nice strong upward trend with financials also headed in the right way.
Might be a bit expensive at the moment looking at the RSI, so on the watch list waiting for a bit of a pullback prior to any entry decisions.
Worth a look.
The market gave good second test results, I started buying stocks again, right now CRL with my favorite " Double Bottom " pattern .
CRL buy : $226
CRL target : $268+
Stop loss : $217 or 5% .
Wish you a good deal !
Entry above the hammer as indicated by the
arrow. The price will probably come down for
the next several days before reversing(I am
anticipating a bear trap at around $164). If bulls
begin appearing then it should rise to the order
entry. At this point it will make another
attempt to break all time highs. I will take some
profit here and expect a small rest...
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CRL is a stock which has recently appeared on my watchlist after comfortably clearing the double top formation from 2008. It had begun to trend well prior to this (since the golden cross in September 2014 - although price did retrace to retest the 200ma a few weeks later).
The gap up on 11th February saw price convincingly clear the $70 round number and recent...