CSU - Constellation Software - Long idea

2019년 6월 14일

I was asked about this chart, I see the long but I would be waiting for a better entry. I see a rising wedge and would be waiting for a break of that pattern typically to the downside. I see price has risen above previous resistance which is now support. This stock is in a nice uptrend, I like sound entries. I see the RSI and MACD are showing bearish divergence. I will be keeping my eye on that support line, or the 200EMA, toss in a daily candle close for confirmation and I think you have a nice long position here.

2019년 6월 19일

노트

price has broken out of the wedge to the upside...lets see what it does, throwback? continuation? or false break?

2019년 6월 25일

노트

Looks like that push was a false break out, sticking to my original analysis.

2019년 7월 17일

노트

Humm...what is this ticker going to do? my bias is upside break out and not going to get the "throwback" we were looking for. You can see how price has developed a "shortfall" and has retraced up to the upper trendline (which would have been adjusted for current price action). I would lean toward a break out upward, and hell, sure doesn't looking like the S&P500 is slowing at any point. I love trading.

2019년 10월 14일

노트

I think this ticker is gonna drop and drop hard... soon, I have never traded it.