CUB - City Union BankOne can buy the stock once it closed above 173 on weekly charts....
Targets 186-207-247+++
CUB trade ideas
Added to my Long WLNice consolidation in the channel. Keep a close eye. Breakout of the channel anytime.
Positional---- City union bank(CUB) Long...Above 184
Support at 160-155
Weak below 150
good volumes in this session
Target 200-225
Watchout for Resistance breakoutThe stock gave a trendline BO and looks good above 167 for first target of 172 and then 179
CUB can go upwardCUB price is in flag pattern on hourly chart. Flag pole is in place and final portion of the pattern is in progress. Price is falling making a wedge & taken support from supportline ( black ).
CUB bull wedge on hourly chartCUB price is moving in falling/bull wedge on hourly chart. Breakout should be upward as a textbook rule. Target can be prior high , which is around 190. Can trade only after valid breakout.
Flag pattern breakout and pullback on CUB. Swing tradeThe stock was consolidating in a flag pattern after a good rally and broke out of its resistance trendline. However, due to broader market sell-off, the stock declined to lower levels and seems to have found support at the 50 DMA levels. The stock can be bought at current levels with an SL below 168.
Always keep a tab on broader market conditions while trading. Do not trade against the market trend.
CUB TRYING TO BREAK RESISTENACE.The stock has tried to break the resistance once.
on thursaady and friday carniage, the stock has come back inside thr triangle.
adding positions with every 2 percent rise.
however, a slight spike on the downside cannot be ruled out. this, would be to shunt out the retail investors inable to take risks.
my suggestion would be to buy a futures lot woth a put option( stoploss of put option set to 45-50 %
Good luck !!
CITY UNION BANK- 2HR CHARt (RETESTING BREAKOUT)RETESTING THE BREAKOUT ZONE. If the retest is successfull, looking to go long.
