7CH trade ideas
CNU ideathis was a thought i had back on the 9/9/20 based on nothin just my stock finder stratergy its been almost 2 months and its changed just wanting to keep track of my ideas. so if my published ideas are rubbish that's fine its just my diary
Potential Buy Setup - CNUHere is one to watch, has broken out of a wide consolidation period, I will be interested in picking some up if it successfully retests the breakout level $7.40
$CNU - big volume Friday suggests the games up on this tricky. Break above $7.10 on volume. stop below 6.85.
$CNU - repeated large dumps at $6.95 makes the buy point clearLiking how this one is tightening up and volume coming in. Like to see more! and clear 6.95 with volume.
Bullish ? I think soAfter a retracement down to the 88.6% level, the price is breaking out strongly as RSI and indicators go green. A break and close above $5.25 will be potentially bullish
Short CNUDue to oversees market its still risk on, form a top down analysis for the communication sector is sitting on res as we speak with a bull shooting star follow by a bear hanging man. This is why i'm looking for a short to the downside with CNU, both daily and weekly are showing strength to the upside confirming with 13 and 50 EMA and MACD. This could lead to a counter trade to the area of $5.45, it also showing a massive red candle both on daily and weekly just outside BB as well.
CNU to benefit from sector strength-9 Week horizontal range
-Strong telecom sector with a lot of focus on the largest market share stock TLS, could help push this up
-Earnings on 27th so the later into the week the setup takes to follow through, the less likely I will be to enter
-Measured move to 4.22
Will wait for a daily low to set a stop against and will look to place orders for tuesday if R/R is good
