05/12/25: Trimmed on the pop and lifting stops to protect gains.
$CZR had nice symmetry in a red ‘abc’ down through a neckline break with positive RSI and MACD divergences. Now, a potential blue ‘abc’ up structure that would measure towards the 200dma is on the able, which could have future ‘200dg Setup’ written all over it. With any chart idea below the 200dma, I like to see technical divergences AND the 20dma crossing up through the 50dma. That’s a decent spot to put a stop upon entry (~$1 lower). A ‘c=a’ measured move is $7.50 and measures toward $34-35. If it starts to trade above $28, I will lift the stop just above entry to protect.
Long $CZR, would trim on a pop over $29, the neckline ~$32, and trail for a sniff of the 200dma.
NFTRH++ trade setup ideas are presented for consideration and further research only, not as recommendations. I am not an investment adviser and these are trade ideas for each to consider on their own.
