Cinemark Holdings, Inc. : Continuation of the bullish trend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$27.76 | $0 | $24.52 | -100% |
Technical patterns are in the green : prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 31 long term resistance.
In consequence, investors can take a long position in Cinemark with a first target price at USD 31. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at USD 26.25.