Trade Book: CT-LC
Trade No: 154/155
Stop-Loss: 5.9
Reason for Trade: If the stock continues to follow the expanding triangle pattern , it may move upwards to test the 200-day moving average and Fibonacci retracement level of 0.786, which is at the 7.0 level.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Trade No: 154/155
Stop-Loss: 5.9
Reason for Trade: If the stock continues to follow the expanding triangle pattern , it may move upwards to test the 200-day moving average and Fibonacci retracement level of 0.786, which is at the 7.0 level.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Trade active:
The stock is testing 200 day moving average and expanding triangle pattern high.
Trade active:
Increasing of Stop-Loss
Stop-Loss: 6.50
Reason for Change: The stock has encountered resistance at the 200-day moving average and triangle pattern high at 7.10 level. A possible retracement could find support at the 0.65 Fibonacci retracement level of 6.60. Therefore, the stop-loss has been raised to 6.50 to accommodate the formation of a new higher low.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Stop-Loss: 6.50
Reason for Change: The stock has encountered resistance at the 200-day moving average and triangle pattern high at 7.10 level. A possible retracement could find support at the 0.65 Fibonacci retracement level of 6.60. Therefore, the stop-loss has been raised to 6.50 to accommodate the formation of a new higher low.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
