I made today very large scale and long base investment for CEDC, it trades in Europe (Poland) and US but I took it from US. Below are weekly and daily charts for it which explains some reasons. I mentioned this stock week ago when their German director made large buy program which occured to be bottom seen so far with stock.
Today it did, what I wanted it to do ie. retraced it back for W2 territory with hourly chart. It is possible this stock is preparing for very large scale upside correction and even leaving this bottom. However, it is not trading position because I have no interest to sell that for some time to come.
