Aug. 22 at 7:25 AM
$CNC
We might have had a new bottom tested 2x yesterday. The following was a significant overnight pop. Options data is also looking very bullish. With the broader market context and the amount of downward pressure in options yesterday, it is something we are above
$29.00
This signals a moderate to heavy bullish sentiment.
I expect trading between
$28.75 and
$30.15
The early days will likely be very, very volatile as the new trend starts to develop, but around noon I believe we make a break towards the positive.
If this happens, I expect to close at or around
$30. Maybe higher if there is a small squeeze, which looks very possible.
If it bounces around following lunch with no clear trend, we are looking at
$29.20 close.
Let's all roll up our sleeves and watch our money grow.
