Hitting the resistance with the Trump pump yesterday. Will need to fill the gap. Take profits. *I trade based on 1) Opportunity, 2) Fundamentals, 3) Chart Trends, and 4) Pure Luck. Follow me and Let's Win Some Money Together.
CNK is on a clear downtrend both on the daily chart and the weekly chart Price has formed a bearish pinbar with higher volume than average which could be an indication of further downside Hence we want to sell this stock We don't want to be greedy so i am looking for a 1/1.5 risk to reward on this trade My SL is placed above the high of the last 5...
Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
CNK buy buy at 35.* - 34.5 goal 1: 36 goal 2: 37 goal 3: 38 goal 4: 39
Bearish bat on the weekly and bearish crab on the daily. Both pattern have very good measurements, and we are also seeing bearish divergence on the crab pattern.
I am still -1% in my p&l. Target: 30
$CNK are movie theaters time a thing of the past like the drive inns, Barron's 4 or 5 months ago published a neutral to bearish article, I wonder what will be the future of them. $ROKU is the future.
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With the stochastic at oversold, hitting the lower bollinger band, and the price hitting the resistance level for two different trends I see this as a great set up to buy CNK around the 31 level with a bounce up to at least 32.
This a great kick ass trade for the week of January 21st. CNK
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