CIM - Buying opportunityCIM has pulled back nicely from resistance as expected, furthermore is expected to provide another great buying opportunity. This pullback could turn around soon, ideally form my Buying Zone between $19.30 - $19.60 for an upside target of TP1 at $21.40 and TP2 at 23.70. My stoploss shall be the low below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CIM
CIM - Change in TrendCIM seems it has changed its intermediate trend and is expected to move higher in the medium term. It has broken its intermediate downtrend line and shown strong price action to the upside. I think it has changed its trend but finding resistance in the current zone around $21.00. It may retrace lower towards the buy zone between $19.00 - $19.60 to give a higher low and move higher. I will be watching price action in the buy zone to target the above levels. My trade plan will be as follows:
TP1 - $21.50
TP2 - $23.40
Stoploss will be below the low of this new swing.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CIM. No Action, send to watchlist.I like this setup, because it came from my scanner, which I trust more than any living human I know.
I want to go long, but it's too messy near the bottom. Might be ok for an options play, but for owning stock and requiring a stop loss I think it's a bridge too far.
Still curious about the fate of the stocks that come up on my scanner, however, so that's why I'm posting.
CIM.ASX_Breakout Trade_ShortENTRY: 18.16
TP1: 14.51
TP2: 11.87
SL: 19.30
- ADX>25
- RSI<30
- RS and FFI -ve
- Weekly MACD -ve
- MAs aligned although 100MA above 200MA but pointing downwards
- Breakout with good volume
Cimic Group's 3rd crack at breaking it's Downtrend.Been Following this one for a while now. Monday (17thAug) Cimic will try to breakout of the downtrend it's been stuck in since mid 2019. From the chart we can see that it's had 2 unsuccessful attempts in Jan20 and Jun20.
The difference i spot here is the much lower Stotastic and MACD. These indicators have just turned to buy where previously in Jan & Jun they were reaching exhaustion.
CIM Surprising behaviour - possible major trend emergingCIM might easily be playing tricks on me, but if not... potentially a serious holder, similar to other emerging trend trades in my profile(MTG,TOL,A, etc). fingers crossed.
Lots of built-up potential with a strong eager will shown to emerge and break the major resistance early, i mention early as usually there are signs which should take place prior to the current marked entry, not having them and seeing the current significant-mature behavior can justify a very strong momentum which might be shown soon and a new significant trend can emerge.
A very high potential with strangely too-good positive action, .
Manage your risk, good luck.
