CSTM trade ideas
$CSTM Head and Shoulders Continuation Setup$CSTM likes there continuation head and shoulders patterns.
Failed an early attempt few weeks back.
Price wedging up to that level from the right shoulder so would like to see it go flat for couple days.
This right side also has the look for an early cup formation.
$CSTM Building a Larger BaseI've posted about $CSTM previous setup. Failed the breakout and the base and has now put in a larger base and appears to be setting up again.
Don't like the angle of attack on the supply line but would still watch it this week to see if it improves.
CSTM is about to break outNYSE:CSTM formed a head and shoulder pattern and is about to break out. Long the break out at around 20.25$ to target 24.14$, stop loss daily close below 17.9$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Khan's Handelskontor - KW 40 - Swing Trade Idea - CSTMChannel bottom, recent partnership with Ford + EV trend
$CSTM Possible Text Book Pullback SetupThis one could end up being a Texted Book breakout/pullback entry. Pulling back to continuation head and shoulder's support level after breaking out early last week.
$CSTM Continuation Head and Shoulders BaseAnother couple days right under that neckline and $CSTM would be ripe for a potential nice move up.
My Trade Idea3 possible entries for me
1) the breakout of this bullish flag
2) the test+suppor of ema 100
3) the test and support of ema 500
Price Action+ EMAsThe ticker was shaked by recent market volatility but didn't loose its strenght. Price action is positive
$CSTM 4 Month #DescendingTriangle #ChartPatternNYSE:CSTM has formed a 4 month descending triangle pattern with a clear horizontal support boundary @ $7.25. The stock has tested that level 4 times during the chart pattern formation. A daily decisive close below $7.25 will confirm the chart pattern breakdown and set the stage for lower prices.
Chart pattern price target is around $4.50 but $5 round number price level will act as support, so if I take this trade, I would planning on covering shorts around that level.
CSTM - bullish set upsee chart for potential TP1,2 and SL areas.
Share your views and analysis of the chart for mutual learning.
+1, like and follow if you like what you see and agree with analysis.
CSTM Pullback ShortPrice is ascending in uptrend channel, with recent break of 12.30 level
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
I'm bullish While price is above green lineNice setup.
If price breaks this resistance zone, it can spike to 14$ level
CSTM Short entry right now!We can see that price could not break the resistance (5 times!), and with the last candle we see that bears pushed the price down again.
Plus we are on top of the channel.
Only thing, EMA 200 tells us to buy. But as we all know, the EMA 200 sometimes is too slow, and thats what I am guessing here.
If we get a good bearish candle next, that is our entry.
Trade safe and always check back!
Happy channel for you!As we can see, in the past the price couldn't break the coming resistance.
So we have two scenarios.
Scenario one: Price raises to the resistance, touches, and falls back, all the way to 5.80
Scenario two: resistance breaks, and we have the setup for a breakout. If that happens I will wait for a confirmation to be sure not to run into a trap.
Happy trading to you!
CSTM, this is NOT a HS IMOwell, technically speaking
a HS need the price to touch the neckline, rebound by making a head, touching the neckline and finally
touch the neckline again to make right shoulder
in summary, it needs a 4 overall hits to be qualified as HS, not even a pseudo HS to me
Any comment?
