CBLK breakout?
Updated
Breakout on CBLK. Above recent trading range, and MACD has now turned positive. Let's see how far this momentum goes.
I'd like to see this in the $19 range, but keep an eye out for earnings. No date has been posted yet. Should be soon.
First stop is a close above $16. First resistance around $16.50.
Stay safe out there. Make sure your stops are in place.
I'd like to see this in the $19 range, but keep an eye out for earnings. No date has been posted yet. Should be soon.
First stop is a close above $16. First resistance around $16.50.
Stay safe out there. Make sure your stops are in place.
Note
CBLK didn't participate in the rally today. Mind you, neither did most SAAS stocks too much.Good news is that close price is still above the 50-day EMA. I'm keeping an eye on this.
Trade closed manually
This stock has had all week to continue the breakout, but failed. There's stiff resistance at $15.50, so I got out before the weekend.It sucks to see all other SAAS stocks go up, and this one doesn't. Thus, this stock is a laggard and I am letting this one go for pretty much break even.
(Watch this stock skyrocket now that I've sold).
Keeping my eyes and ears open for other great opportunities!
Note
Wow, good thing I didn't have a position in this. This is a reminder: Keep a note when earnings dates are, and sell before earnings unless you have a read on what they will be. If you don't have an edge, sell. It's too risky otherwise.Yeah, you may get lucky like IQ today, but you could get CBLK'd (c0ck-blocked) too.
Stay safe out there!
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