Omnitrader breakout 9/5

[titus-uk]

Got only a few buy signals today. As always, this is only a short list that maybe worth looking at.....

REG
MCB
CCH (again)!!

Not much breaking out at the mo!

Mark

 

[Riz]

Thanks Mark,

CCH failed to break short term resistance at 1210 however before starting retracing at 1205...trading range looks like getting squeezed in 1210-1100 with RSI, MFI and OBV all heading down in spite of stochastics K still ticking up, looks more like a failed break through attempt...she definitely needs to try again...

The company does have lots of potential but they probably need more time to delevop...

Riz

 

[titus-uk]

Riz - I agree....starting to look through the shortlist......I would go for CCH at about 1100 - 1120 level only, purely on risk/reward ratio. However, a break-up on volume would raise hopes of further gains.

REG is the only one vaguely of interest, but vol not great. Far from convinced about it though. Haven't checked news to see if any reason for the gap-up.


Mark