CVGI Breakout/SupportCVGI bounced off support and through a weak resistance with volume. Would be nice to see it bounce off the trendline again so an entry could be made with a smaller stop. Vision also showing a buy signal on the last candle.
CVGI trade ideas
CVGI, Cup-and-Handle (bullishv) I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 71%
TARGET (EXIT) PRICE = 7.13 USD
BREAKOUT (ENTRY) PRICE = 6.70 USD
DISTANCE TO TARGET PRICE = 10.03%
EMERGED ON = Oct 14, 08:00 AM (EDT)
CONFIRMED ON = Oct 14, closing price
WITH CONFIDENCE LEVEL = 75%
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
Bottom FishBottom fish the double bottom since it is close to double bottom, and monthly still in the up trend.
buy at 7, stop loss at 6.59
T1 8.00 (1/2);
T2 9.00(1/2)
if double bottom forms, prince go above 21ema and 12ema, get in ride with weekly trend and pattern breakout
target at 11, set stop loss at daily recent support.
( may be cautious about the descending triangle)
20180730 1200
personal trading plan, not advice.
play on cvgi for a possible 20%+Could be a good time to buy backed by strong earnings growth estimates and net profit margins. cvgi gained over 60% after latest earnings release in little time but gave up almost half those gains with the market sell off which gives us a good opportunity to get in. Double bottom formed with volume coming in on the lows. Looks like another consolidate + breakdown before recovery, lots of positive volume accumulation in chart. I think a safe buy would be on price exceeding $11 although $0.10 above previous close and 20ma could be sufficient will see how this develops next week. Possibly targeting around +20% market permitting.
cvgi wedge setupNice little setup on cvgi with small wedge pattern after recent breakout of high and tight flag. Good momentum recently with big earnings beat. Volume is easing off a bit with three consecutive down days and hammer tagging the 10dma. Will look to enter if price goes though yeterdays high +10cent. Targeting recent highs possible 5-10%.
$CVGI approaching previous half dollar resistanceWatching $CVGI tomorrow because it's getting near the previous price resistance which also happens to be a half dollar mark for more conviction. Cautious though because there is not much volume on this stock..
CVGI an Unclear FutureChart Details: CVGI might be running out of steam; however, if price action continues to increase we may see a trend change. I have two ideas about the outcome of CVGI in the upcoming months and the both look like nice profits.
CVGI Iminent Dip BuyAfter releasing a surprisingly positive earnings report $0.19 over the estimate CVGI continues to increase its value. However, is now the best time to cash in? After review, I believe that CVGI has exhausted its first run. I recommend waiting for the dip to increase upside reward and minimize risk. Possible buy in time frame could be near the last 2 weeks of July or even early August.
CVGI A Possible Longterm Play?After review CVGI's 5 year history it is apparent that this company is trending downwards; however, with its recent gains in the last month is it wise to buy in this company? I have reviewed the dips and find that the risk reward for a buy in now is not acceptable. In fact I think this company only has another 2-3 weeks before it is prime to short.
CVGIThe investors purchased a total of 643,300 shares at prices that ranged from $2.47 to $2.50. The total for the trade came to $1.5 million. The company designs, engineers, produces and sells various cab-related products and systems in North America, Europe and the Asia/Pacific regions
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