Bullish sentiment still intact on CPG

Weekly: Weekly chart of CPG shows a Weak Bullish Signal courtesy of Kijun Sen Cross. This is considered weak because it happened below the Kumo or Cloud. The breakout now gives us a immediate support which is the Kijun Sen. Notice also that price is coming near the resistance zone which is the Kumo. Will it be a strong resistance? I think it will be risky to chase CPG but waiting for its retrace and test buying near support may give a better reward.

Daily: CPG continue to show bullish sentiment on daily chart with all Ichimoku showing green at the moment although RSI is a bit overbought. One year time frame shows that RSI was able to hit 80+ before it retraces.

Caveat!

One Response to Bullish sentiment still intact on CPG

  1. Alson Oro says:

    Today's High @ 2.00 Bullish
    See you @ 2.80 :)

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