Another slide by CPG today as it comes near the 50% Fibonacci Retracement level. Still without a good signal from the candlesticks. But we notice that there is only a small volume today compared to yesterday’s 47M. Why so silent today? Caveat!
Last time we saw No signal yet from CPG. and instead of 38.2% to hold, it was broken and price fell down by 2.94% at the closing. RSI or Relative Strength Index showed that the stock continued to get oversold which is now at 27.77. Should we wait at 50% Fibonacci Retracement level? Maybe but [...]
After the staying and Not Chasing CPG, the stock continued to drop and is now in the mercy of its 38.2% Fibonacci Retracement level. With no reversal signal from the candlestick as of this time, it is still not good to buy but this is the time to intently look into this stock because it [...]
CPG has been dropping since the time we though 2.15 is a good price to get in. Currently having an Engulfing pattern which could be a start of the reversal but since this pattern is not highly reliable, its better to wait for a confirmation. If this will not be confirmed then wait until it [...]
When we saw CPG in training camp last week, we thought it will just be a slow descend going back to 2.2 and below but the drop was quite drastic as it fell by 5.70% in just 1 day leaving those who chase the price last week in awe. Currently within the bounds of the [...]
CPG is on the radar of many traders last week. Last Friday CPG went up by 1.79% but looking at the weekly chart it still have bearish sentiment. Last week I was waiting for it to touch around 23.6% Fibonacci Retracement level or even further to the lower slope but it didn’t happen. Still near [...]
CPG is down again but with relatively low volume. After it hit the upper slope last Tuesday, the price keeps on retracing and is now in the middle between upper and lower slope. Is CPG going to follow the trend it is forming? Will it touch again the lower slope as found on our chart? [...]
Last time we ask CPG: Fall or bounce? and what we see is a bounce. Is it going to continue its path to the resistance slope? Immediate resistance is at 23.6% Fibonacci Retracement level. Lets see if it will be an easy jab for the boxer. Caveat!
Support level for CPG need to be strong or it might fall hard. Last time it bounced at the 38.2% Fibonacci Retracement level was last April 19. It was on that day that we saw a Doji and the lower slope support. This time, CPG’s price is approaching the lower slope with back up support [...]
CPG went up as high as 2.23 but retraces to 2.18 at the closing. Based on our chart, it shows that CPG wasn’t able to fully regain control above 23.6% Fibonacci retracement level (resistance). This line is interesting since we saw a good movement here few months ago. If the bulls will be able to [...]
Currently hovering just above the psychological support 2.0 and 38.2% Fibonacci Retracement level, this stock has the possibility to bounce. Based on movement last February of this year, we have seen that this stock pauses for a few days after it resumed to go up. Another instance was last March and that time traders were [...]
CPG still hovering above but near its 20-day SMA. Yesterday it went down that line but managed to go up. Today its more bearish as it close on the line. Last time we thought CPG is hungry for the belt but seems it is resting for the meantime. Caveat!
CPG has been trading within the 23.6% and 38.2% Fibonacci Retracement level and just yesterday it traded above the 20-day SMA line. Is this the start of the ascend? How much strong is the 2.20 compared to the hungry bulls? Let’s see this week. Caveat!
It is anybody’s ball game for CPG at this point. This week the price is trending inside the 23.6% and 38.2% Fibonacci Retracement levels. Good thing the RSI is healthy but it seems nobody wants to be the first to make a big move for now. Do you want to start it? Caveat!
Two support levels based on Fibonacci Retracement level have been broken by CPG for the past few weeks but lately it was able to avoid breaking the 50% level instead it bounced from there. The bulls now are faced with the resistance at 38.2% Fibonacci Retracement level. This stock may range trade for now within [...]
CPG is now at the mercy of its 2.0 psychological support after it break the 38.2% Fibonacci Retracement level. Today’s chart doesn’t give us any signal that gives us something to hold on to. Next support at 1.89? Caveat!
CPoGi transformed into CPanGit after it went down yesterday and today following the announcement of the private placement with a discounted price. It was in red the whole day but there were times when the bulls tried to pull the prize up but failed. The candlestick formed is what we called a High Wave. This [...]
While we are still busy with other stocks, CPG is consolidating at current level. If we notice there is a level where CPG is having a hard time to break but bulls is not going to surrender yet. If after few tries this will be broken then we will see CPG at another price level [...]
CPG got a left and right hook plus uppercut from the opponent. Today’s bears won the battle. What will happen tomorrow? Looking at the chart we see a Harami Pattern. This pattern shows to candlesticks. The first one is a green candlestick then followed by red candlestick that is contained within the first one. If [...]
CPG had a good rally today which advances by 11.63% to close at 2.40 The price action today draws a bullish candlestick called White Opening Marubozu which we may interpret as a start of a bullish run for CPG after it took a rest last week. The White Opening Marubozu is a single candlestick pattern [...]