CS mean reversion
CS is approaching some important areas in terms of trend.
Given it's failure to fail amidst the FUD of insolvency, restructuring, etc, the fundamental probability of some kind of mean reversion to major MAs is increasing.
Walking outside of the yellow down trend line would be a bullish signal for a mean reversion to occur.
Continuing along the path of the green down trend line would signal we should continue to wait for more shoes to drop.
Currently sitting at a triple top on the hourly, and hitting resistance at the yellow trend line on the weekly. A break higher should signal a move to the 5's near term, and open up the door for a longer term move to the 200ma weekly around 9.
Looking at this with a long bias
Fwiw, I would want to keep any profits as shares given the dividend history on this.
Given it's failure to fail amidst the FUD of insolvency, restructuring, etc, the fundamental probability of some kind of mean reversion to major MAs is increasing.
Walking outside of the yellow down trend line would be a bullish signal for a mean reversion to occur.
Continuing along the path of the green down trend line would signal we should continue to wait for more shoes to drop.
Currently sitting at a triple top on the hourly, and hitting resistance at the yellow trend line on the weekly. A break higher should signal a move to the 5's near term, and open up the door for a longer term move to the 200ma weekly around 9.
Looking at this with a long bias
Fwiw, I would want to keep any profits as shares given the dividend history on this.
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.