CFX is another project that pumped hard at the bottom of the bear market indicating it will most likely be a big mover this cycle. We will do a macro analysis on this soon
Current Trading Plan:
Stop loss is a little wide for a possible reverse head and shoulders. 10% or laddering in down to the stop loss area.
Target 1 will be 50% retrace of the last swing and just above the current local highs approximately 15% higher.
Target 2 will be the top of the fair value gap at a past support level just below the 200EMA and the .786 retrace level and approximately 30% higher
Current Trading Plan:
Stop loss is a little wide for a possible reverse head and shoulders. 10% or laddering in down to the stop loss area.
Target 1 will be 50% retrace of the last swing and just above the current local highs approximately 15% higher.
Target 2 will be the top of the fair value gap at a past support level just below the 200EMA and the .786 retrace level and approximately 30% higher
