here’s the previous and updated daily charts of the CS long. as you can see from the updated chart, i’ve added a downtrend line at which the stock found resistance and turned down, just shy of the 3rd target. for those still long and depending on your entry level(s), an stop not too far below the T1 level looks ideal. CS remains a long-term trade idea and i will add additional upside targets if the stock manages to break above that downtrend line. however, for tracking purposes, i will remove CS from the active trades category on a close below the T1 level.
