this was a thought i had back on the 9/9/20 based on nothin just my stock finder stratergy its been almost 2 months and its changed just wanting to keep track of my ideas. so if my published ideas are rubbish that's fine its just my diary
Here is one to watch, has broken out of a wide consolidation period, I will be interested in picking some up if it successfully retests the breakout level $7.40
After a retracement down to the 88.6% level, the price is breaking out strongly as RSI and indicators go green. A break and close above $5.25 will be potentially bullish
Due to oversees market its still risk on, form a top down analysis for the communication sector is sitting on res as we speak with a bull shooting star follow by a bear hanging man. This is why i'm looking for a short to the downside with CNU, both daily and weekly are showing strength to the upside confirming with 13 and 50 EMA and MACD. This could lead to a...
-9 Week horizontal range
-Strong telecom sector with a lot of focus on the largest market share stock TLS, could help push this up
-Earnings on 27th so the later into the week the setup takes to follow through, the less likely I will be to enter
-Measured move to 4.22
Will wait for a daily low to set a stop against and will look to place orders for tuesday if R/R is good
