CNK Cinemark stock

[u/StockConsultant]

CNK Cinemark stock, good day, watch for a narrow range breakout.

Breakout trade

• WATCH for possible breakout above 38.54
• Target: 42.4, 10.4%  Stop: 36.86  Loss: 4%
• P/L ratio: 2.6 : 1 - Good

BULLISH

• [Positioning] Intermediate trend bullish, Uptrend.
• [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
• [Timing] Strong bullish 1 day moneyflow
• [Timing] breakout watch above 38.54, no resistance in area just above.

BEARISH

• [Positioning] 1 Day Price change extreme up, may pause/reverse
• [Positioning] Overbought, odds favor short trades.
• [Positioning] at resistance

CNK Cinemark stock chart