When the handle low is so close to the break out level..it is often more powerful
This is almost a V bottom Either way, long entry level is the same
Long term uptrend
NV is very high
Not a recommendation/Just a great company
Trading off early identification of downward channel. Enter short at top of channel, with 3% stop loss for some tolerance against light chop outside the channel. Target is 0.786 retracement which aligns at the bottom of the channel upon financial release.
It has potential, price dipped for three days+ now. been through three impulsive downs, EMA 20 broke above EMA 50 just a month ago.
Bullish overall. Entry around 147
Stocks that seem to refuse the opportunity to move lower, psychologically wear out shorts and bring in longs. With two months of slow strengthening, I think this is the case with CMI.
I like this stock and this is why:
The stock bounced at a very nice support line.
The candle looked great for a potential bullish move.
When you see a big gap on good earnings, you usually see a retracement and this is what happened last week and after that the stock may continue his previous uptrend move and this is what im expecting.
There is also the 10EMA who...
