Monitoring Support Levels: Key Strategies for Potential Buy SignThe stock’s support line is currently around 25.17. If the price dips below this level, it could indicate a shift in market sentiment. In such cases, it's essential to monitor for the next potential buy signal, as this could present an opportunity for a strategic entry point. Keeping an eye on volume, market news, and technical indicators will help inform your decision-making during this time.
CSWC trade ideas
I'm not a trader I bought CSWC after checking oout an article on seekingalpha about it's dividend. I did a little DD but to be honest, I'm not very good at DD. I did a preliminary chart and it seemed to be moving in the right direction.
Update on the original chart, it's broken pattern on my first indicator and has made a nice strong rally. I guess If I was a trader at this point I'd be trading for 10% which would net me a whopping $45. Yeah that's right...I'm middle income poor and my positions start small.
However I have a 10yr timeline and unless a position hits 40% I am not interested in trading..even at 40 I probably won't because I'm an uneducated fool...but the odd occasion they've hit 100, I readjust so I'm free shares and then like in the uranium days I ride that down to losses...like a fool.
But I live...I learn...and I keep trying. Trailing stop set, powder on hand for further investment. Lets see where Capital Southwest takes us.
CSWC Looking like a runner....So this is my thoughts on the pattern. Bullish pendent. Three channels for it to take. High road, no deals, tight accumulation, when reaching the end, next leg up. Second channel, buy the dips, watch for it to break down into the larger flag and change direction. Tight stops. Pretty confident we are going up. Third channel, long game. Frustrating to see swings that big but if the pendant holds and the news stays good we will get there eventually. Great Div...lets see some growth as well
Capital Southwest going South for sure. CSWCImmediate targets 22.50, 21.89. Invalidation at 30.91.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CSWC Daily-AnalysisCSWC in the past 3 months has seen a rise in prices all the way up to $28 and is now due for a correction. Currently buyers seem tired and CSWC is struggling to find new buyers at these current prices. Based on the details outlined in the chart I have reason to believe that CSWC will decline in price in the next few days. I actually look for it to sell below its current Average True Range Daily Low of about $23.50 in the next few weeks.
That is mainly because of what I see in the weekly chart. Where the TTMSqueeze, TTMWaveA, and the V-Score are all posturing for a downward move. (See Chart Link for More Details)
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CSWC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.