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re: CPU - short it, or come back in July hey bully, it may have...

  1. 150 Posts.
    re: CPU - short it, or come back in July hey bully, it may have upticked into the close, but it still looks like hitting 1.60 in july.

    firstly, its locked in a strong downtrend channel (highs 10/1 23/4 14/6, lows 28/2 30/5) so why would you touch it under this strong trendline resistance? maybe trading the bounce off a bottom channel - but its nowhere near there yet?

    current resistance around 2.30. my bet is it tests 1.80 first. buy a trendline break, or short it, but its definitely not worth ramping this month LOL
 
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