Some chart are worth keeping eye on and this stock is a typical example. The stock rally from it low at $1.84 to a high of $2.37 per share in five wave sequence followed by a correction and is currently building up for a possible explosive move.
My focus is to the upside as we head into a new week in coming days.
Trade safe and don't forget to leave a like and...
CDZI is in the utility sector, which been pretty bearish recently. The utility sector (XLU) seems broken down from an upward channel & going downCDZI also seems breaking down key label of support. It also has some insider selling & very bad 737 price vs Share ratio. We think it is a very good short setup.
* Trade Criteria *
Date First Found- July 10,...
Industry Water Utilities
EPS due date Mar 10, 2017
Horizontal S&R no. near all time highs
Channel S&R yes. breaking above top range of channel
MA S&R yes. riding the 20 ma
>200ma yes
Volume confirmation flagpole had volume. but still no breakout volume
Candle Confirmation not really
Stoch Divergence embed
Reg Trendline >85 n/a
Short Float 14%
Keeping tight...
