This stock has been one of the biggest gainers in the past 18 months or so. The price action over the past few weeks is however suggestive of distribution or selling by the smart money or the composite operator as Wyckoff would term it.
Look at the volume signature near the highs and the subsequent price action. Doesn't look too promising to me. If you own the...
The stock has entered the demand zone which also overlaps with the short term ema. Long once it closes above the demand zone forming a higher bottom.
Buy - 2150 - 2160
CBSL - 2070
Target - 2340
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
