CHKP trade update

I’m totally out of CHKP with a little profit due to my poor entry timing. Its technical pattern is bullish, but unfortunately the broader market is just to complacent for comfort. Too many topping signs means its thin ice trades now.

January’s performance does bode well for the rest of the year, so its time to pick out stocks worth riding on when the larger pullback occurs.

CHKP

Checkpoint may be attempting an IHNS. Ideally it starts a short term correction soon & hits support of around 45, completing the right inverse shoulder. 43-45 also happens to be its converging 200WMA. On the rebound, if it clears 49.5 & stays above, first target is 51 then 54.

CHKP170113