Found another counter. Nice resistance at 20MA. The risk reward is relatively even. I have drawn cut loss points and possible good entry points. 20MA as resistance, MACD 4R1G, nice reversal candle and confirmation.
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4 users responded in this post
What about Capital Commercial Trust (CCT)? Any opinions on that? I have an old account to settle with that counter. hehehe… I have set an initial entry price of 80 cents to go long. As usual, circling and waiting.
hey you know Ta now, why dont u tell me what u see and i will look and give comments later
Wah… CMT just gapped down like mad and never even touch your acceptable entry point of shorting at $1.90. Amazing.
As for CCT, $1.02 support broke and became the resistance. I think the next level of support is in the area of 80c. I too lazy to draw fibo and be exact. Agar agar. That’s why I think 80c can go long. Today’s price action formed a little white hammer. Let’s see if it breaks resistance tomorrow and gains should be capped at $1.17, the 20MA.
CCT has a lil descending triangle leh. Base around 1.05 to 1.07.
I drew the top from 1.42. Are u able to see it? About 35-38c height. It may form a support at your fibonnaci, but I wouldnt wanna go long on this stock that is for sure. It has cracked for 2 days but the candle looks interesting today. See if it can get back into the formation. Regardless, I aint thinking of going long unless it breaks 1.2.
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