What I'm Watching

Chart of the week

Date: 09/13/2010

Symbol: CNK

Company Profile: Cinemark Holdings, Inc. and subsidiaries engage in the motion picture exhibition business. As of December 31, 2009, the company operated 424 theatres and 4,896 screens in the United States, Canada, and Latin America. The company also manages theatres in the United States, Brazil, and Colombia. Cinemark Holdings is headquartered in Plano, Texas

Sector: Services

Industry: Movie Production, Theaters


Chart explanation: It will be ideal if CNK will stay day or two in range and if will wait daily 10sma as support for bounce. But without that CNK formed NR7 bar, also weekly continuation pattern at there is room for (at least) previous high what is initial target
If anyone will have any question please feel free to contact me.

Long above: 16.00
Stop under: 15.75
Target: 17 areas
 

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I will follow ROSE for swing short if market will start correction.
Under 20.50, with stop above; 21.00 and target 17.50 area.

There are more ideas but don't know how to post more then one chart and if anyone interested can contact me
 

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Quote from ammo:

ivica, i see this same pattern in a lot of your trades, what is it
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MAny similar intraday patterns, but it is important to see bigger time frames to know if there is room for move. Also I will use it only for morning action. After first 90 min I'm not interested for new setups because of FED announcement today

Here is another interesting
BLL above 60.06. I have more ideas but I post only one because I don't know to sent several charts so if there is interest for that feel free to contact me
 

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