CTSO Pre Earnings STOCK SETUP
CTSO is set to report earnings early next week,
given that this was a requested chart, I have not had time to dig in to the company's fundamental financials and create a good estimate of what to expect from its earnings.
GIVEN THE TECHNICAL ANALYSIS ALONE:
WE are currently hovering a buy zone, and have broken in to it once. At its current level, we are ready to buy PROTECTING at the red horizontal. This is the bottom of a weekly range and, with a bad earnings report, the place where our stock will find its first resistance.
HOWEVER, from our buy level we are currently at I have set 2 key price target levels to reach, of course which you are shooting for is up to you, but both targets would be where I take my profits as a trader.
Remember, earnings early next week that can explode a chart in front of you eyes- so be careful.
given that this was a requested chart, I have not had time to dig in to the company's fundamental financials and create a good estimate of what to expect from its earnings.
GIVEN THE TECHNICAL ANALYSIS ALONE:
WE are currently hovering a buy zone, and have broken in to it once. At its current level, we are ready to buy PROTECTING at the red horizontal. This is the bottom of a weekly range and, with a bad earnings report, the place where our stock will find its first resistance.
HOWEVER, from our buy level we are currently at I have set 2 key price target levels to reach, of course which you are shooting for is up to you, but both targets would be where I take my profits as a trader.
Remember, earnings early next week that can explode a chart in front of you eyes- so be careful.
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