Bulls taking back to lead on CPG

Yesterday CPG fell by 1.4% but today it took back what was lost. With Kijun Sen line still moving horizontally at 1.49 per share, there is a great possibility that price will be attracted by this line and move up. The 1.40 or 61.8% Fibonacci Retracement level is again our newly found support while next to that is 1.35

The stock has room to move up while it is still not overbought. RSI or Relative Strength Index at 42

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to Bulls taking back to lead on CPG

  1. Felix T. Gomez Jr. says:

    cpg continue to create higher low. 1.40 is holding

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