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.


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