CNK is on a clear downtrend both on the daily chart and the weekly chart
Price has formed a bearish pinbar with higher volume than average which could be an indication of further downside
Hence we want to sell this stock
We don't want to be greedy so i am looking for a 1/1.5 risk to reward on this trade
My SL is placed above the high of the last 5 candles
Only buy if the price breaks the low of the last candle
Price has formed a bearish pinbar with higher volume than average which could be an indication of further downside
Hence we want to sell this stock
We don't want to be greedy so i am looking for a 1/1.5 risk to reward on this trade
My SL is placed above the high of the last 5 candles
Only buy if the price breaks the low of the last candle
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.