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Support is at 135, fist target: 148, next target: 156
Idea described in charts...
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
Long above 2213-2226-2240 and short below 2150 levels. I am experimenting my levels and trying to see how good on charts they come up.
It simply follows the trend...can enter around 2200--
CCI (D/W/M) >100
Retracement from 23.6% Fibo levels
Shows the intention of the stock
C>2000 with strength bull
C<1987 with strength bear
Daily Demand Zone
Buy between 1970 - 1930
20 day EMA Personality
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.
Keeps an eye on this one...
Looks like there would be a breakout here, if done target is 820.
Chart for Education Purpose only.