Container Corp- Boom- pushes up from trendline@1180-Can we buy?As per previous update- "Container Corp- Dividend can explode container from 1120-1140" - well container came close to expected zone & missed by a marginal gap of 40 points compared to the fall from 1336 to 1180 -which was a rocket move.
There was a bullish engulfing candle & container pops up to 1223 & doing sideways - so will it start moving upside - a million dollar question.
Trading Strategy
Well in coming sessions if it crosses the rejection zone of 2 times, which is 1240 mark & sustains above that -it will be a sign of bullish move upside.
or it attempts once again to 1195-1205 zone, but staying above the trendline & most important 1180 swing low as shown earlier in the previous chart& interim updates- that could be an opportunity to buy or take long positions.
You would love to read my previous update
Container Corp- Dividend can explode the container from 1120-1140 mark
