$CSTM likes there continuation head and shoulders patterns.
Failed an early attempt few weeks back.
Price wedging up to that level from the right shoulder so would like to see it go flat for couple days.
This right side also has the look for an early cup formation.
I've posted about $CSTM previous setup. Failed the breakout and the base and has now put in a larger base and appears to be setting up again.
Don't like the angle of attack on the supply line but would still watch it this week to see if it improves.
NYSE:CSTM formed a head and shoulder pattern and is about to break out. Long the break out at around 20.25$ to target 24.14$, stop loss daily close below 17.9$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
This one could end up being a Texted Book breakout/pullback entry. Pulling back to continuation head and shoulder's support level after breaking out early last week.
NYSE:CSTM has formed a 4 month descending triangle pattern with a clear horizontal support boundary @ $7.25. The stock has tested that level 4 times during the chart pattern formation. A daily decisive close below $7.25 will confirm the chart pattern breakdown and set the stage for lower prices.
Chart pattern price target is around $4.50 but $5 round number...
see chart for potential TP1,2 and SL areas.
Share your views and analysis of the chart for mutual learning.
+1, like and follow if you like what you see and agree with analysis.
Price is ascending in uptrend channel, with recent break of 12.30 level
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
