Posts filed under ‘CA’
CA
CA started positive but could not stay above the trendline, eventually it ended -1.2% on the day, all indicators point to lower prices in the next few days, confirmed by good volume.
Prudent now to set a stop loss to close the short position > 23.05 should things move against us.
CA
CA had a mixed day, starting lower, moving higher through the day only to end marginally higher than the open. unfortunately we set our open price for the short position too tight at 22.65 which was the LOD. All is not lost the indicators are not decisive and further increases in price are not guaranteed. To protect losses we should set an exit point od 23.05 which is just beyond the HOD.
CA
CA has struggled to break the upper trend line, volume was poor today with MACD and Stochastics providing very little in the was of positive news. this could be a short tomorrow if the 5MA is breached. Buy @ < 22.65. There is support at 21.42, it is not ideal but could be good for an option.


