CPG may correct and seek support at Kijun Sen

CPG broke from the support line and may continue to move closer where Kijun Sen line is. This line plus the flat Senkou Span may attract the price but looking at the elements of Ichimoku we could say that this is a healthy correction. Chikou Span is moving above the price, Tenkan Sen line is moving above the Kijun Sen line. These things tells us that the bullishness of this stock is still there.

Candlestick formation shows no bullish pattern yet so we need to monitor and add some shares when it appears. Of course always have your plan ready. If this will turn sour the act accordingly. Suppport level is at 1.48 and 1.43.


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