CTRN is one of the more successful long trades still in play. T3 was recently hit for approximately a 44% gain and since then, the stock has been consolidating just below that resistance level and has formed a bull-flag pattern. coincidentally (or really not), that pattern measures right the the final target zone that i’ve had on this trade for months.
if you are still long CTRN, consider a stop not too far below the bottom of this flag pattern. if you are planning to enter or add to a long on a break of this flag pattern, it would be best to wait until the T3 level is cleared before adding to/entering that position. as usual, charts in order as posted with the updated chart last.
