A price action below 76.00 supports a bearish trend direction. Increase short exposure for a break below 75.00 The target price is set at 71.00. The stop-loss price is set at 80.00. The confluence of the 200-day and 200-week simple moving averages seems to be a price objective over the next couple of weeks. Remains a risky trade as the price action is merely seen...
For now im seeing a bearish continuation Observing strength of trend i see a pssible bullish continuation at 50.34 SENNA SEASON
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I believe CCOI is a great low Rsi reversal play. Also, in my opinion, the recent earnings reports are actually not that bad. They came in with a positive EPS of 0.18, which is 21.55% lower than estimated but they still had positive earnings. Taking into account the low Rsi ,extremely bullish put/call ratio and overreaction on the earnings report, I think I see a...
$CCOI is on uptrend and targeting $100. 12 months Consensus Price Target: $82 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
If you understand the idea, push a thumb up! Have a question? Don't be shy to ask!
If you understand the idea, push a thumb up! Have a question? Don't be shy to ask!
In Brian Shannon's book he mentions the following sign for indication end of an accumulation phase: o Higher lows o Increased trading volume o More frequent test of a key level of resistance o Flattening to rising action of longer-term moving averages In the above chart $CCOI seems to display higher low, frequent test of level of resistance, and flattening of...
CCOI is appropriate as a long trade with a target of $36.49 which is the 0.382 fib retracement level and also at the prevailing downtrend. It may face short term resistance @ 35.54 but anticipate a clearance of this level based on strong volumes and break upwards of the OBV. The MACD cross cements all of the above.
Volume above average, and the bullish pattern suggest we are heading to $24.5 according to standard principles of technical analysis. Make your stop loss at recent swing low $20.34