Resistance and support
CIB has found support recently from a previous level on the weekly chart but on the daily it is at the trendline resistance.
We want to wait for price to make a decision (breakout of trendline or breakdown of support level) before considering a new position on this stock.
Earnings are due next week so this is another reason to wait for price to make it's move.
We want to wait for price to make a decision (breakout of trendline or breakdown of support level) before considering a new position on this stock.
Earnings are due next week so this is another reason to wait for price to make it's move.
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Twitter: twitter.com/iJavidTrader
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