Travel International, Ltd (CTRP) : Dead Cat Bounce. Short it.

CTRP was downgraded couple of days back with the price plunging from $37 to $31.

The last 2 day’s saw a dead cat bounced for the stock.

This provided a very good entry to short the stock when it starts to turn around.

2 replies on “ International, Ltd (CTRP) : Dead Cat Bounce. Short it.”

I do not necessary stick to RSI.

For me, the more important indicators are candles and its relation to the moving average (in my case, Tenkan sen).

RSI or Stochastic plays a less important role.

You may sometimes find that my chart also have Force Index, and some may have Stochastic as well.

But, the key indicators that I look at is always the candlesticks and Ichimoku.

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