Cineworld: A sad ending to this film Cineworld Group
Short Term - We look to Sell a break of 25.37 (stop at 28.52)
Trades with a bearish descending triangle formation. A move through 25.50 will confirm the bearish momentum. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile.
Our profit targets will be 17.68 and 15.10
Resistance: 26.00 / 27.00 / 40.00
Support: 20.00 / 15.00 / 10.00
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CINE
Cineworld Sell in play!Cineworld continues to move lower, sell trade identified with the strategy - take a look.
Regards
Darren
World's largest Cinema Operator in trouble ....Read all about this company here
If you have shorted this stock, congrats. Looks like it still has some more room to move south.
Those who want to short, please go to smaller time frame and await the right price action, probably another 40 + dollars more to go before a possible rebound.
If the cinema tickets here in SG can be cheaper, I would prefer going out and watch than watching over the TV. The feeling is just different , to me. Maybe the millennials may not agree, haha. They are comfortable watching anything on their smart phones
