Aug. 25 at 2:35 AM
$CNK Cinemark stock, good day, watch for a narrow range breakout at https://www.stockconsultant.com/?CNK
Breakout trade
WATCH for possible breakout above 38.54
Target: 42.4, 10.4% Stop: 36.86 Loss: 4%
P/L ratio: 2.6 : 1 - Good
BULLISH
[Positioning] Intermediate trend bullish, Uptrend.
[Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
[Timing] Strong bullish 1 day moneyflow
[Timing] breakout watch above 38.54, no resistance in area just above.
BEARISH
[Positioning] 1 Day Price change extreme up, may pause/reverse
[Positioning] Overbought, odds favor short trades.
[Positioning] at resistance