CNCE - Speculative type of momentum Long from current level
Updated
CNCE bouncing off from a Long term support & now showing strong upward momentum. In the short term it broken out a downward channel formation. Moneyflow sky rocketed recently. Over all looks a good long opportunity from current level
Trade Criteria
Entry Target Criteria- From current level
Exit Target Criteria- Momentum long , First target- $9.57, Second target- $11
Stop Loss Criteria- $7.93
You can check detailed analysis on CNCE in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 3:00"
Trade Status: Pending
Trade Criteria
Entry Target Criteria- From current level
Exit Target Criteria- Momentum long , First target- $9.57, Second target- $11
Stop Loss Criteria- $7.93
You can check detailed analysis on CNCE in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 3:00"
Trade Status: Pending
Trade closed: target reached
(Note: Trade update is delayed here - To get updated instantly please subscribe to our Newsletter)Relevant Updates:
January 3rd- Nice trade! Went up & hit second target today. Total profit 23.5% profit in 13 days.
December 29th- Made a higher high, Looking very good as long. Already in 15.7% profit from entry, updating our stop loss criteria to $9.53
December 28th- a small upward move but rapid increase in volume from last couple of days. Already in 13.7% profit from entry & seems it has much higher to go.
December 27th- Updating our stop loss criteria to $8.93
December 23rd- Went up huge 5.87% hitting first target. Closed half of the position at first target with 7.5% profit & updating stoploss to entry price at $8.91 for rest half.
December 22nd- Upmove continued with another 1.81% gain today. Looking very good as long.
December 21st- Nice upward move of 3.08% today. Looking very good as Long.
December 20th- Considered a position early in the morning, price was $8.9. It had a good upward move throughout the day. Looking good as long.
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