CYH- Fallen angel type Momentum Long from $9.83 to $12.13 & high
Updated
CYH seems a very good long setup. It had a wonderful rally since we first found it around $5.
Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Fallen angel; Momentum Long
Entry Target Criteria- break above $9.83
Exit Target Criteria- 1st Target $10.93, 2nd target $12.13 & higher
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Fallen angel; Momentum Long
Entry Target Criteria- break above $9.83
Exit Target Criteria- 1st Target $10.93, 2nd target $12.13 & higher
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
March 3rd - Went up huge 6.35% today with higher volume. But yet to hit entry. March 6th - Went up & hit entry price today. Looking good as Long.
Comment
March 9th - slowly moving up holding above EMA lines, looking good.Comment
March 14th - Seems rolling over, not looking very good as Long. Putting a stoploss to $8.47 to stop big losses.
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