CMW quick trade 1Hi, this is me just testing an idea of a quick trade with CMW. Feedback is greatly appreciate it.
CMW trade ideas
CMW POTENTIAL BUY OPPORTUNITYCMW price has gone up sharply since the beginning of 2019 but has pulled back in November 2019 near support level 1.15. This level coincides with the 100 EMA line. Therefore, it is likely that the price would go up from that level. The first target profit level is 1.255 (9%) and the second profit level is 1.34 (16.5%).
CMW Long idea-69 Week ascending triangle breakout with confirmatory volume
-5 Week congestion upon breakout with horizontal bounds for the most part
-Daily Bollinger band contraction hard
-Very attractive quarterly dividend of 2.09c
Still on my watchlist and is peculiar it did not breakout with the run up the XJO has had of late. 30 basis points planned. Will buy above 1.090 if attractive R/R presents
Could be a great window to add this stock to a portfolio for those that are hungry for dividends
Cromwell Property Group investment idea-69 Week ascending triangle breakout with confirmatory volume
-Congestion upon breakout with horizontal bounds for the most part
-Daily Bollinger band contraction
-Very attractive quarterly dividend of 2.09c
-Short selling available (at this time) for the purposes of hedging
30 basis points planned. Will buy above 1.090 if attractive R/R presents
Cromwell Property Group investment idea-69 Week ascending triangle
-Good weekly volume
-Price is consolidating after breakout of triangle which was confirmed by high volume
-Bollinger band contraction on daily chart
-An office REIT with an attractive dividend of 2.09c paid quarterly
Will risk 30 basis points and buy at 1.100 if I have an attractive and logical stop
CMW Ascending triangle-69 Week ascending triangle
-Good weekly volume
-Nice retest on the daily
-40 basis points risk
-Hard to pull the trigger in these conditions but i must follow my rules
cup and handle formationwait to confirm close above 98c and then ride price rise (depth of cup) to 1.075 for a 9.5% return
