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Showing posts with the label CLC

CLC hit recent breakout TP

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Chelsea Logistics Holdings Corp. CLC has recently hit the projected target price from Double-Bottom pattern breakout at 9.7. See previous analysis for reference: https://psetrends.blogspot.com/2018/01/clc-on-another-potential-breakout.html Trading Plan: - Take profit or scale down position when TP is hit. - Profit run the rest of the position with trailing-stop. "Don't let greed trump reasons.."

CLC on another potential breakout

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Chelsea Logistics Holdings Corp. Another potential breakout on CLC and this time from a  Double-Bottom pattern. Projected TP of this breakout is around 9.7. *Immediate support is around 9 (previous resistance now becomes support). See previous analysis for reference on this Double-Bottom prior to breakout. https://psetrends.blogspot.com/2018/01/clc-breakout-update.html Trading Plan - Buy the breakout but with tight stop on breakdown from immediate support. - If still holding previous position, continue profit-run with trailing-stop.

CLC breakout update

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Chelsea Logistics Holdings Corp. CLC has hit the projected target price of the recent breakout from its 4-month downtrend line. It's also now potentially forming a Double-Bottom pattern with a projected target price of around 9.7 on breakout. *Immediate resistance at 9. Trading Plan - If holding a position from recent dips accumulation, take profit or scale down position. Profit run the rest with a tight trailing-stop. See previous post for the suggested dips accumulation near support: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html - Buy the breakout from Double-Bottom on good volume.

CLC on a potential breakout

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Chelsea Logistics Holdings Corp. CLC is on a potential breakout from its 4-month downtrend line after revisiting the immediate support at 8.30. The projected target price of this breakout is near the immediate resistance area around 9.00. Please see the previous analysis on CLC for reference on the trading plan: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html

CLC Price Action Analysis

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Chelsea Logistics Holdings Corp. CLC is still in a downtrend but potentially forming a  Bullish Divergence  pattern if it continues to hold the immediate support area (around 8.29). Trading Plan - Potential buy at current level. - Set a tight stop-loss on breakdown with volume from immediate support.