19C trade ideas
CSTE: 20% profit potential (crossed SMA30 with volume spikeSimple setup with price crossing MA30 (weekly chart) with large volume spike. Next significant resistance at $15.41. Please provide feedback if you like this short analysis chart as this is my first ever post.
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Dow drops 1,175 points :( #15 CSTE)This is a more clear example for going short in a bear trend in progress because here the support was broken several weeks ago (Major Support 26.50).
But got lost the ideal entry price that was around 25.00 and now you need to wait for the next retracement close to red line of the moving averages.
Around the 23.20 in the dashed line area, if happens.
This kind of idea need to be monitored daily because, I put the idea from a weekly perspective and is necessary to wait for some retracement for a better entry price
