CENTURYTEX : IS THE SHORT TERM CORRECTION REVERSING..?
Century Tex has been in a uptrend and after a reasonable correction has formed a base near 1066 levels.
The MACD Histogram indicates loss of momentum to the downside & possible reversal to the upside.
This looks like a low risk High reward Trade.
One can take a 1040 Stop Loss & Trade for a Target of 1109.
If the uptrend resumes, we may see these levels in 5/6 trading sessions.
The MACD Histogram indicates loss of momentum to the downside & possible reversal to the upside.
This looks like a low risk High reward Trade.
One can take a 1040 Stop Loss & Trade for a Target of 1109.
If the uptrend resumes, we may see these levels in 5/6 trading sessions.