Breakout over 6M base1. Breakout over 6-Month base
2. Lack of over-average volume which signifies lack of interst. It may go down.
3. Watch out price action on lower timeframes to spot optimal entry point
1CORT trade ideas
Take a short swing. And then, take a long swingThis is a very nice setup for swing trading.
we have a strong uptrend with a correction coming in, if the past tells us the future. and after that we should see another long swing.
So, take your positions, or do not. I am pretty sure the uptrend is broken soon and will end up in a correction, wich leads us to the next upward movement.
Happy trading for you and a good start into this week!
CORT - Potential rising wedge breakdown short form $13 to $8.50 CORT seems from a rising wedge formation. Moneyflow is forming divergence. Now we would consider a short if it reaches to its upper line around $13 mark.
We think it has very good down side potential.
* Trade Criteria *
Date First Found- July 13, 2017
Pattern/Why- Potential rising wedge breakdown
Entry Target Criteria- Rise to $12.87-13
Exit Target Criteria- $8.50 area
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CORT- Short from $9.37 to $8.43CORT
Date First Found - November 15, 2016
Pattern/Why- big selling- low probability but great risk to reward ratio
Entry Target Criteria- break below $9.37 (hit November 15, 2016)
Exit Target Criteria- $8.43
Stop Loss Criteria- $10.13
Indicator Notes- high risk, possible day trade, big insider selling
