CPG nearly hitting Kijun Sen line

CPG almost hit the Kijun Sen line at 1.49 today. The line tried to attract the price since the time CPG is trading below 1.40 per share. Will CPG reach and cross the line tomorrow? What we are waiting here is a Kijun Sen Cross which will trigger a bullish signal for CPG who is currently in a downward trend. With RSI or Relative Strenght Index still below overbought level there is a chance CPG will climb higher. Don’t forget the Kijun Sen line at 1.63 on weekly chart is still there and could also attract the price up.

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.

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