CNK is one of the companies in the leisure and entertainment industry that has made a great run in the past few months. The stock is currently trading about 200% from the October 2020 lows, but still roughly 30% below the pre-pandemic levels. Since Saturday, March 13, the company has started reopening movie theatres in the Los Angeles area. Today we have to see...
Bullish indicators supported by moving higher with volume on Friday . to be watched if it can breakout redline then possible to jump further to close previous gaps during pandemic falling. Big gap at 9.0 so best entry if it reached there or if its breakout !!
Possible "Fake" PUMP to SHAMROCK before a Dump to fill gap.
Just a quick thought... Looking like a bullflag formation tho...
HIGHLIGHTS ES: Cinemark Holdings, Inc. (CNK), es una de las compañías de cine más grandes e influyentes del mundo que debido a la naturaleza del sector en el que opera se ha visto perjudicada por la pandemia del Covid-19. El precio de sus acciones se impulsaron en Noviembre aproximadamente 100% debido al excelente rendimiento de los principales índices que...
It started with Trolls World Tour by Universal Pictures then Mulan by Disney and now recent announcement by Warner Bros. to release all of their 2021 movies on HBO including WW1984 on 12/25/2020 calls for attention to figure out what's the future of cinema theater industry. CNK has started negative trend in MACD on 12/03/20. Via observations I can suggest that...
look for this to hold above the down trend line of the flag pattern. profit goal would be around the 1.618 fib ext $20 also some resistance at the $16 mark watch this for for any trouble this could be a good spot to take some profit as well .with a stop lose of the support level in the flag . stay safe and happy trading
With the strong bullish momentum dissipating, the signs of a reemergence of mass hysteria with wave 2 of covid arriving, numerous stocks a far distance away from major moving averages, big institutions adding more hedges to their portfolio's, these stories appear to ring the same tune prior to the crash in march. With a majority of stocks failing to reach new...
Downtrend has been broken pre-market a back test at the open would be bullish. Potential targets- $15.00 Monthly candle resistance $16.05 Fibonacci 0.382 level. Volatile news related stock
Buy 11.00 To 10.80 T1 11.95 T2 12.45 SL closing under 10.60
CNK- 30m chart Buy @13.60 T1 15.07 T2 15.64 SL closing under 13.30
You can buy 100 shares for $1490, or you can control 500 shares for $978. I bought Sept 2020, 20 strike calls. I will exit if stock goes below $14.
Will look to enter around 15 with targets marked above if it can confirm the break out. If not, levels are easily seen as well for a breakdown. Again, keep an eye on that cloud creation on the right.
May/June calls anyone? Sell at the top of the wedge!!