Thursday, April 9, 2015

CSV breaking out of a 2-year rectangle

First, let's look at the weekly chart of CSV:

Now, let's look at the daily chart and focus on the breakout:

I consider CSV a thinly-traded stock. I use extra caution when trading low-volume stocks such as CSV. Entering the trade only at a spot with a favorable reward-to-risk ratio, and even then only with a small position, is how a trader can manage risk with volatile and risky stocks such as CSV.

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