CMG recently gave a false sell signal (fake-down) with a break and single candlestick close below the uptrend line on the 4 hr chart. although that was an official sell signal, CMG quickly snapped back above the trendline and is now about 6% higher. although i never got around to actually moving CMG to the active trades category, i am still leaving it on as a trade set-up as i have adjusted that uptrend line slightly to include the recent candlestick lows and still believe that this stock might soon offer a nice overbought pullback short trade. still watching for entry with an alert set for a break of the adjusted uptrend line.
