CMG - Tempting to go long but ....
Updated
CMG looks tight here, sharp move upside to 60s can be soon. But hesitant to go heavy on this name. I see a possibility this is a B wave and followed by a C wave.
anyways, I've a small position for a swing trade from low 50s
Target 1 - 61
Target 2 - 64
Stop loss - 52, move up with the stock
anyways, I've a small position for a swing trade from low 50s
Target 1 - 61
Target 2 - 64
Stop loss - 52, move up with the stock
Trade closed: target reached
Target 1 reached, And this is the move I was exactly expecting , let's see if this bounces back here or continues to form the C wave
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