CIFS
CIFS - Technical AnalysisAfter a spike in Feb 2019 the stock has been consolidating for the past 2 months. With a nice cup and handle formation with the handle consolidating the stock is at the apex of breakout. The stock is also staying above 21 EMA on daily. A breakout at these level first target would be previous high range of 5.26 and then a long target of 8.15
Be causious of the fact that this stock reacts wildly on USA vs China trade talks. Always safe to have Stops at 3.05 to 3
(CIFS) bullish as price breaks through resistanceCIFS is bullish as the price breaks through the resistance after a 3 month bottoming out period.
Remember to set your stop losses as support levels drop the price to 2, and then 1.
Let's Do It Again, Massive Bear FlagSame reasoning as the last time. Market also trending down and RSI through the roof
