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City Union Bank

Discussion in 'Technical Analysis' started by ravirajpr, May 6, 2014.

  1. ravirajpr

    ravirajpr Responder

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    Nice cup & handle pattern in City Union Bank and closed my position today as price reaching resistance zone in Daily chart. Fundamentally this is a good stock and can re-enter after correction or after Election as election results will be major news mover.
    Though entered a bit late in the breakout there were few good entry points that I may have missed during the trend reversal pattern.
     

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    Last edited: May 6, 2014
    ravirajpr, May 6, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes really good pattern being formed.
     
    shabbir, May 6, 2014
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