C: DAILY CHART: Trading between long-term trendline and 200-day SMA. Watch this level for further direction.
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C: DAILY CHART: Trading between long-term trendline and 200-day SMA. Watch this level for further direction.
One Response to Stock Trading Idea: Daily Chart – C
Corey May 9, 2012
This is either a longer term Bear flag, at which point it has to potential to breakdown the support line with a further decline. Or it has the potential to bounce off support.
Might be better to wait for a strong move in either direction with strong volume. Otherwise it would be better to just by calls or do a bull call spread.