we need to wait and see on this oneCTRN breaking all support areas! very dangerous to add a long position here, better to wait for confirmation move.
above 36.71 id go long, below 23.29 id short
CTRN trade ideas
I'm long today here.I bought today on holding the holder. There is a good chance of a rebound. SL only break down Fib support. Long, to the moon :-)
Citi Trends Trending The Right WayCity Trends is a large fashion retailer with over 570+ stores in 33 states in the US. Stock has had a pretty deep pullback and looks to be recovering nicely. It back up above its 20 day moving average and hopefully will continue its stellar run. Could be worth keeping at eye on if you like the idea of the business.
CRTN: Ascending triangle. Waiting for confirmationAscending Triangle, waiting confirmation
Pros:
Descending volume during formation
Volume on break out
R/R ratio avove 5
PPS above 50MA and 200MA
RS ascending and above 0
250RSI above 50
Cons:
200MA flat
If confirmed:
PT1=22,69 (filled)
PT2=27,40
