2021-12-22
CTAS Update
CTAS formed a bullish reversal candle today. Could be back to neutral tomorrow. The 50-day moving average is at $434 per share.
A lot of these patterns have relied on the overall market given the broad bullishness in prior years. Similar to many other targets I covered, I think the market action the past week shows that when the market finally turns, these stocks have nearly zero support. These stocks have tipped their hands.
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