Wyckoff - E phase?I was wondering if I was missing out on something but it seems I had the right idea about entering the E phase. What do you think?
CSV trade ideas
Possible Long on CSVWhat is CSV?
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
This is an update to the previous chart, i posted. it looked like it was either gong to breakout or reject before and it seems that we got the rejection a few days ago with the whole market.
However, CSV has been playing this channel really nicely so we could take a long around $13.90 area.
Entry 13.9
target $15.9
stoploss $12.9
Watch for breakout On CSVWhat is CSV?
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
the company operated 186 funeral homes in 29 states; and 31 cemeteries in 11 states.
This company has been down trending, but maybe the coronavirus can jump boost the industry. However thou, if we get into a recession people aren't gonna pay much for funeral services.
Looking at the technical, it looks like they had a good Er and this could breakout of the downtrend pattern.
CSV Ascending Triangle Push Price Over 16%The classic ascending triangle pattern developing in CSV for several weeks just break today, and has propelled the price to over 16% gain in a single day. Based on the minimum target, a potential residual gain up to $28 may be insight.
CSV Detected possible increase in guidanceCSV: carriage services
2018-02-14 16:30:18
Detected possible increase in guidance
