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Bullish Encompassing Candle, page-7

  1. tplus3
    14 Posts.
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    04/08/14
    20:45
    Post #: 13767837
    Chaps

    A simple trendline line analysis shows this baby is in a medium to long term downtrend out the moment (close to 18 months). The sideways movement may show some accumulation/distribution but until there are 2 weekly closes above the trendline and both the weekly and monthly Gann Swing charts are pointing up I will be sitting this one out. Refer to my attached PDF to illustrate my opinion.

    Cheers

    T+3
    CCL Price at posting: $9.29 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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