CPG still trying to touch Kijun Sen line, facing strong resistance

Weekly chart shows that CPG still has the potential to touch 1.5x as Kijun Sen line still moving horizontally. The current resistance at 23.6% Fibonacci Retracement level has been very hard to break though. So far we still have the bullish sentiment on our candlestick and based on Ichimoku system, the weak bullish signal from Tenkan Sen / Kijun Sen cross is still there.

RSI or Relative Strength Index is still at oversold level although it is still pointing down.

Caveat!

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