Carnival:CCL Trend line play

This is from this weeks share tips


dl.dropboxusercontent.com/u/4899609/ccl6thjune2014.png

Good example of a first attempt trade, going short you would have made around 30 points but since then it has gone up higher. So it's important to only do this trade on the first attempt and not on the second or third.

Gapped down today and is down currently about 162 points.

They had issued a profit warning and a now a number of analysts have downgraded them.

this should be a free trade now.
stops should be at break even. If it goes back down to the trend line dont go long as the first attempt already worked and the area would have been weakened.



dl.dropbox.com/u/4899609/ccl19thfeb.png

dyor

Ive gone long on this with a 25 point stop. This is a first attempt trade based on the trend line touch



dyor

boxhead1 wrote: Remo, this looks very interesting indeed,. but I am very sorry to say I just don't 'get it' yet. Would it be possible for you to do one of your excellent and instructive videos on the power of gaps please ?

This is the link of the video i have done already on gaps.This is actually in the learning section.
chartsview.co.uk/learning/video-gaps-for...-and-resistance.html