Lenny 2 Posted March 27, 2020 Dear all, CCL was already 10% down, but still seemed to be very weak. What do you guys think of this short? Share this post Link to post Share on other sites
Justin 262 Posted March 27, 2020 I wouldn't have a clue what it was going to do there. Yes, generally weak, but it's chopping and stuck in a range. It has also already bounced off the low 5 times... Maybe it's going higher... not sure. I'd just wait until it cracks and closes above or below. 1 Share this post Link to post Share on other sites
TommyK667 10 Posted March 27, 2020 There seems to be quite a bit of support at that lower red dotted line. It had a failed 123 in the 1 minute. It moved up after a topping tail doji (which tends to signify bearishness on its own), so that would mean bullish. But a topping tail doji at the bottom range usually also means there's buying pressure too. It is far from the moving averages. So all in all I don't think it's an ideal short entry imo. A better entry would be a break of that lower dotted line level. 1 Share this post Link to post Share on other sites
