Showing posts with label CEB. Show all posts
Showing posts with label CEB. Show all posts

Saturday, May 28, 2011

CEB

My initial reading suggests a pullback to around 90(weekly basis) after breaking out to warrant a buy although I wasn't expecting it to drop up up to the current level.

But it did:



It retraced to 61.8% Fib levels. Nonetheless, it provides a relatively good short term upside at current levels up to the recent high of 98.

All we need now is positive(weekly/daily) momentum.

Confirmation of move this week:



Even if this is just an A-B-C correction(in a downtrend), you'd still have one profitable leg/trade.

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.