Long
CENTURYTEX : IS THE SHORT TERM CORRECTION REVERSING..?
Century Tex has been in a uptrend and after a reasonable correction has formed a base near 1066 levels.
The MACD Histogram indicates loss of momentum to the downside & possible reversal to the upside.
This looks like a low risk High reward Trade.
One can take a 1040 Stop Loss & Trade for a Target of 1109.
If the uptrend resumes, we may see these levels in 5/6 trading sessions.
The MACD Histogram indicates loss of momentum to the downside & possible reversal to the upside.
This looks like a low risk High reward Trade.
One can take a 1040 Stop Loss & Trade for a Target of 1109.
If the uptrend resumes, we may see these levels in 5/6 trading sessions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.