Friday, May 6, 2011

CEBU AIR, INC. (CEB)

Daily line chart:



Buy on pullback after breakout setup?
Resistance/Support @90 +3% bounce filter = buy stop @92.7

Not a recommendation to buy. Just thinking out loud.
Could I have been wrong in reading the price action in BDO? Position is down by 1.5% already. Stop loss is still not hit though. Hold? Should have bought more LC instead.