Weak Bullish signal on CPG

CPG have shown some weak bullish signal via Kijun Sen Cross today but does it have enough power to continue moving past the Kumo or will retrace after hitting the slope? Notice that we have a slope that acted as

Is this the bottom for CPG?

The Hammer pattern on CPG’s chart today may suggest a reversal after a couple of dips but this is not a strong reversal pattern so we need a confirmation tomorrow by way of a gap up or a long green

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

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.

Did CPG hit the bottom?

CPG looks bullish when it move up and break the 61.8% Fibonacci Retracement level which is its immediate support. But so far we don’t have any help from Ichimoku elements which is currently in a bearish position. We are looking

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

CPG’s Doji not confirmed. Found new support

The Doji candlestick last week that threats the bulls of possible retracement wasn’t confirmed. Price continue to rise this week with 2.6% change and has found its new support at 1.54 per share or around 50% Fibonacci Retracement level. Bears

No big headwind so far for CPG. On schedule to hit the mark

CPG hit the 1.54 mark last Friday where the Kijun Sen was waiting. Based on our weekly chart, CPG is current at resistance level at 38.2% Fibonacci Retracement level and Kumo but so far no bearish pattern can be seen

Is CPG bound for 2.x?

Daily: CPG met some headwinds for the last two days after the rally that brought the price as high as 1.50 The last two candlesticks may signal a sideways movement for CPG as it loosen its RSI. Immedieate resistance is

Nosebleed on CPG

CPG continue to fall and is now near the 78.6% Fibonacci Retracement level which is around 1.28. Will it hit there? So far we don’t have a bullish reversal candlestick to make us think there will be a reversal at

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

Weekly chart of CPG showing possible upward trend

CPG‘s weekly chart has maintained its weak bullish signal via Tenkan Sen / Kijun Sen Cross which we saw last November 2013 and while weeks have past we can see Kijun Sen moving horizontally at around 1.54 which we can

CPG breaking the Kumo

CPG broke from the Kumo or cloud today which is a bearish signal from Ichimoku system. The bottom of the cloud will now be our immedate resistance following the break. Although we have seen an action before at this level

Looks like CPG found a support from the Kumo

Looks like CPG has found support at the Kumo where we also found the 61.8% Fibonacci Retracement level. Yesterday we saw how the bulls tried to stop the bears from going further down and so far bulls succeeded. Based on

Doji Star not confirmed

Weekly: CPG fell by 15% this week and while we still see the weak bullish signal via the Tenkan Sen / Kijun Sen Cross, Chikou Span continue to disagree with the sentiment thus making the already weak bullish signal weaker.

CPG is still alive. Doji Star may signal a reversal

CPG is showing some bullish signal by way of a Doji Star. Dojis are weak signal so we need a confirmation the next day via a large green candlestick. If price will continue to drop tomorrow and no confirmation found,

Weak Bearish Signal on CPG via Tenkan Sen / Kijun Sen Cross

CPG fell by 8.43% today while Ichimoku system is showing a weak bearish signal by way of Tenkan Sen / Kijun Sen Cross. This is considered weak bearish because the cross happened above the Kumo or Cloud. Chikou Span is

Bullish sentiment still intact on CPG

Weekly: Weekly chart of CPG shows a Weak Bullish Signal courtesy of Kijun Sen Cross. This is considered weak because it happened below the Kumo or Cloud. The breakout now gives us a immediate support which is the Kijun Sen.


CPG’s support is now being tested and at the same time resistance from 100-day SMA line is pushing the price down. Who will win the battle at this stage? We don’t have much action at this level previously so either

CPG still looks pogi while waiting for stock div ex date

CPG continued to go up after it “relaxed” for two days. The rally last September 16 after the Hanging Man was not confirmed made it possible for CPG to break away from the 1.4x resistance zone. Now that it is at