Short Term Trading Week Starting: 3 Oct, page-419

  1. 3,432 Posts.
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    @Sector Lead - CYP chart

    I put this one in the high alert category. The chart is showing a descending triangle and needs to be monitored closely. More often than not they break down.

    The high volume / price spike day of 22/09 hasn't at any point been challenged again (it hasn't gotten above the closing price on that day again). On the 22/09 the price closed at 69 well off its high of 75.

    Around 59 or 60 is a critical level, if the stock goes sub 60 on relative high volume it will signal a break down in the stock

    CYP.png
 
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