The first chart of
CEPH is the daily. We note that yesterday it broke out of a seven month base and today we filled the bearish gap. Prices closed near the highs of the day, so the gap fill didn't give rise to profit taking.
The 15 min. and 5 min.
timeframes show the day trades. Two low risk entries followed each by vertical expansion.
Intraday pivots used as guides for support/resistance.
The last chart is the 3 minute
timeframe of the trading channel since
CEPH broke out of its base. The next level of resistance is $62.50. Price is testing the lower channel into the close.
The first chart of CEPH is the daily. We note that yesterday it broke out of a seven month base and today we filled the bearish gap. Prices closed near the highs of the day, so the gap fill didn't give rise to profit taking.
The 15 min. and 5 min. timeframes show the day trades. Two low risk entries followed each by vertical expansion. Intraday pivots used as guides for support/resistance.
The last chart is the 3 minute timeframe of the trading channel since CEPH broke out of its base. The next level of resistance is $62.50. Price is testing the lower channel into the close.
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