CECO Short PositionHi traders,
We are looking at a potential shorting opportunity for CECO. The stock is currently in an uptrend, but we are anticipating a correction based on bearish regular divergence observed on the weekly timeframe. Since this divergence alone doesn´t provide a strong sell signal, our strategy is to wait for a confirmed breakdown. When / if the breakdown occurs, target is short on the chart, we are expecting 20% move.
Good luck!