Tight Box

So for the last 2 weeks we have been in a tight box….makes sense with the Dow hovering near 20,000. The market doesn’t usually take this long to decide to sell off. That usually happens very quickly. Stairs up elevator down…

All the indicators are starting to flat line….again that makes sense with price staying in a $.30 cent box for the last 2 weeks of trading. If the dow breaks 20,000 we should see CEFL break out of the box to the upside and move to my $17.00 target.

cefl1222

Notice the moving averages. They are properly aligned now. 5,20, 50,200. Support is around $16.10 Resistance is around $16.75. RSI has plenty of room here.

 

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