Looking ay a buy on CEY from 164.
We've seen an outside day on Friday which engulfed the previous 5 days of trading, price was oversold on the RSI and Stoch. Fundamentally the company is performing well, my only concern would be the massive sale of shares (40 mil) from a chief officer within the company. Technically it hits all my points so I will be looking to enter on a break of last weeks high.
Short term trade - Entry 164, stop 150, TP 180
Medium - Entry 164, Stop 140, TP 200
We've seen an outside day on Friday which engulfed the previous 5 days of trading, price was oversold on the RSI and Stoch. Fundamentally the company is performing well, my only concern would be the massive sale of shares (40 mil) from a chief officer within the company. Technically it hits all my points so I will be looking to enter on a break of last weeks high.
Short term trade - Entry 164, stop 150, TP 180
Medium - Entry 164, Stop 140, TP 200
Trade active:
Took first TP at 180.