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.
CZZ in play for the swing.
Anticipating 3-5 month hold towards 14.4
Bullish above 9.27, with mid range resistance at 11.9 and top of channel resistance at 14.4.
Really like their financials '14-'17, with the additional leverage they've put against themselves in '17 and the expected slump in '18 from the changes we...
CZZ: Cosan Limited
Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$100,000,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$9.30 Nor Less Than U.S.$8.88 Per Share
CZZ, set buy limit order with other cancels other for target/stop, still learning.
Position Size: 200 shares worth $1,280
Buy Limit Order: 6.40
Sell Limit Order: 7.00+
Stop Loss: 6.20
Time Frame: October 1st
Reversed right at horizontal long term support.
Above avg volume on the bounce showing buyers are finding current price attractive.
Printing higher low on the current bounce.
Immediate resistance at DTL around 9.70-9.80 after which it will be a definite trend change.
Can buy at current prices with stop just under 9.30.
As usual this is the typical pattern I publish, a price breaking a resistance who takes one year with one month plus four attempts to beat the 9.50 level.
One important aspect of the picture is that some weeks ago in the middle of November 2017 occurred a gap in the price, accompanied with a green long wick candles, then finally in 12/20/2017 the price breakout...