CXL @ 27 SEP 2021
Text me if you have any questions/comments for me.
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CXL
- Previous analysis was done on 15 Sep -> suggested waiting for retracement and successful rebound
- Since then, the stock created a new all-time high and quickly to test $5 levels
- Price is quite extended at the moment and far from the short-term support
- A successful rebound look to be around 5.35 levels
- Due to the risky setup, a better way to manage this trade is to wait for another retracement and rebound wave
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for another retracement and successful rebound
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CXL
- Previous analysis was done on 15 Sep -> suggested waiting for retracement and successful rebound
- Since then, the stock created a new all-time high and quickly to test $5 levels
- Price is quite extended at the moment and far from the short-term support
- A successful rebound look to be around 5.35 levels
- Due to the risky setup, a better way to manage this trade is to wait for another retracement and rebound wave
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for another retracement and successful rebound
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