DOW
The good news for CERS is that it’s done a major fuzzy C and price is still above it. While price is over it, the long-term bias should be long. But short-term, the channel short and SHS combo makes this one unattractive right now. Stalk time to wait for a test of C for a good r/r entry at that level perhaps. But that is a very aggressive move. Bears stalking this one had their last opportunity on the channel short day and should be sitting pretty with stop to even and see what happens with the C. Next opp for bears is aggressively shorting the price weakness if the neckline breaks or failure at C….and then next opp is shorting strength back up to test C and neckline.
Loading...