CEB correction mode

Cebu Air, Inc.

CEB is now in a sharp correction after recently hitting the Double Bottom price target at 110. For now, the major support around 100 remains intact after CEB close today at 110.1 from an intraday low of 98.20.

If previously holding CEB and trading the Double Bottom pattern, it is assumed that appropriate profit taking action has been carried out already. See previous analysis for more details: https://psetrends.blogspot.com/2017/04/ceb-price-action-update.html

Always "plan your trade and trade your plan"...

Trading Plan
- Avoid for now until another high probability trading setup comes along.

CEB price action update

Cebu Air, Inc.

After the recent breakout from a Double Bottom pattern, it's now near its breakout projected target price around 110.

See previous analysis:
https://psetrends.blogspot.com/2017/04/ceb-price-action-analysis.html

Trading Plan
- Scale down position or take some profit as it hits the target (technically hit already).
- Profit run the rest of the position with trailing stop.

CEB price action analysis

Cebu Air, Inc.

CEB bottomed out last March and formed up a Double Bottom pattern as it hits the major support area around 90.

Recently, it broke out from the Double Bottom pattern with a rally that goes through its 100 resistance level. The projected target price of this breakout is near 110.