CRIN34 trade ideas
Be cautious: Potentially great upsideIts getting near a good support zone;
however, its done a major fake out before, so this one is kind of a dangerous play; if you see the chart, it looked like it bounced off support and then tanked; but then again that could have been consolidation to create a bear flag; no bear flag this time;
Wait for the the bounce to make sure that this is actually ready to go upwards; make sure no bear flag forming either;
CRI - Upward channel breakdown short from $86.97 to $78.77CRI broken down from an upward channel & seems it has good down side potential. We are looking for a short here.
* Trade Criteria *
Date First Found- May 16, 2017 (Intraday)
Pattern/Why- Upward channel breakdown, capturing the crash
Entry Target Criteria- Break of $86.97 (Hit May 16, 2017)
Exit Target Criteria- 1st Target $83.97, 2nd Target $78.77
Stop Loss Criteria- $89.77
Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here-
Trendy...!A possible longterm longsignal is possible.
Should u now fix the actual Level or wait for the breakout?
If you are a cyclical Investor, you wait until the breakout appears: stoppbuy >110$ --> SL ~98$ (last low) TP 130$
If you want to trade against the trend, open a shortposition at the actual Level, SL a bit above the last significant high at ~ 11$5 TP 98$
Carter soar on earningsThe price of Carter's stock recently soared after reporting strong earnings on 2/25/16. Watch the 100 level. If that previous resistance turns into support, price will likely rise again and retest the 106-110 area. However, if support does not materialize at 100 look for a retest of 88-84.