Target price 166 (PE 45) Target price 148 (PE 40)
Yesterday we had the most bearish day in the market of the year, however even that the market closed with a big loss, CBG at the end of the day had a big pullback leaving a nice hammer in the D1 candle. We can see that it got to a really nice support in 32.5 and the lower level of an ascending channel. We could start thinking in a bullish bias, however I...
CBG Date First Found - November 15, 2016 Pattern/Why- bullish momentum, breakout move. Entry Target Criteria- break above $28.55 (hit November 15, 2016) Exit Target Criteria- Target 1 $30.13 Target 2 $38.03 Stop Loss Criteria- $27.73 Indicator Notes- strong improvement in Twiggs Money Flow, insider buying Special Note- we would consider March $27 Calls @ $2.90