Stock Charts and Analysis – CROWN
Stock Charts and Analysis – CROWN
Posted in Facebook Trading Groups: May 18, 2015
I have already seen several charts and analyses on CROWN. However, I still receive some requests about my thoughts on this stock.
TA – The Responsible Trader’s Way – No Hyping, No Bashing Just Plain Cold Facts.
Positive
1. Last candle is a hammer (could be a sign of trend reversal).
Negative
1. Stock is still on downtrend.
2. More Sell volume (55%) than Buy Volume (45%) indicating Bears are still in control
A break of Support would result in a CROWN OF THORNS. A break of Resistance with Volume would result in a CROWN OF PEACE.
NOTE: Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.
Good luck on all your trades.