CCP is holding higher lows but struggling to gain traction…raising the risk level

CCP – Credit Corp Group Limited

Stock : CCP – Credit Corp Group Limited

Current Price : 18.24

Previous Buy Entry Trigger Level : 18.71

New Sell Exit Zone : 17.85

Status : Watching for continuation through highs

CCP is struggling to push up through the highs at 19.50 but is still holding higher lows. We are now happy to raise the risk level as if the 17.90 zone breaks, we expect to see a deeper correction lower so will re-assess from there. Sitting back now to watch how this plays out.

 

 

ORIGINAL ALERT 14/6/17

Stock : CCP – Credit Corp Group Limited

Current Price : 18.71

New Buy Entry Trigger Level : At market currently 18.71 upto 18.85

Sell Exit Zone : 17.30

Status : Watching for continuation through highs

CCP is looking strong on the weekly and daily charts so happy to buy on the push up through 18.75. The current price action has trigger the entry level so we are now entering at market prices (18.75) but no greater than 18.85. Risk is held at 17.30 below the higher low.