Friday, November 8, 2019

CBZ - new Long order


I like this tight continuation setup. Have a buy stop above the highs of those doji candles in the past 2 days. Aside from that no other setup entices me to play.

There are around 400 stocks in the scans but most of them are after earnings movers so I need to wait for them to set up a bit before I consider entering. CBZ reported earnings last October 30 (huge green bar) so it has consolidated a bit and "rested", it might be ready for another leg up.

One thing that concerns me is the overall market which I feel is due for a pullback soon.

No comments:

Post a Comment