Based on EWO, it is possible that CAB is going for the last leg of smaller W-5 to TP area in blue line. This is in sync with chicken price hike especially during festival. Next would be a retracement, it could be shallow or deep retracement and based on the current hype, it should be shallow. Happy Eid everyone
1) Short term candle pattern shows a price increasing from support 0.405. Its strong support. 2) EMA20 is facing upwards and possible to cross EMA50. Bullish signal. 3) If can break the white line , its breakout of midterm downtrend line. 4) Beware on EMA200 line
CAB membuat tapak yang sangat kukuh pada aras 0.405 dan selepas itu membuat tujahan yang sangat kuat. Aras yang perlu di pecahkan adalah kumo cloud bagi menentukan kekuatan CAB meneruskan pendakian. Sama-sama kita follow rapat dan siapkan trading plan ya. (Sekadar kajian dan pembelajaran).
Challenge to multi-year Overhead supply, run by non-commercial traders. According to many colleagues usually, this behavior encourages retailers to take the trade but in reality fails as it is run late. Therefore, I personally think that at some point European banks as a whole are to outperform.
CAB seems rolling over & broken down its support. We think it will decline father. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $52.33 Exit Target Criteria- $47.33 Stop Loss Criteria- $54.47 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Well Cabelas (CAB) was a short stock, but don't know what BassPro saw in it. But guess what? All the bears and $hort sellers will jump into it after few weeks once the top comes in the charts. Even though Bass bought it at $65.50 per share but I don't think it will go that far high in the stock price as most of the resistance line starts below $64. But incase even...