I've had this on my watch list for some time now. It looks ready to break the short term down trend line out of a double bottom pattern. I have an alert set to tell me when it hits the trend line which is just over the $50 mark and it would retake the 50 day MA... I also like the buying volume that has come in the last 2 days. If I get triggered in my price target is the old highs around $55. All TBD. Ideas, not investing / trading advice.
Trade active
CSTL trade triggered. I have opened a 1/4 position size at $50.85 Stop will be below today's low. It either keeps going up or I'm out.Note
Added @ $51.50 bringing up to a 1/2 position.Note
Took 1/3 off into highs @ $57.05 for 11.5% profit. Will let remainder ride for additional gains. Stop moved to 5% profit on remainder. Can't lose trade at this point.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.