jevanss25

CPI - Cup & Handle?

Long
LSE:CPI   CAPITA PLC ORD 2 1/15P
Not involved yet - break above channel needs to hold / consolidate - however if it does, it could be a great move up.
Comment: The move sustained, and closed outside the channel - however it isn't a significant break of the channel yet.
All eyes on how this opens tomorrow.
The move today did have strong volume which suggests there is a reasonable chance it may be sustained.
Still not in just yet though.
Order cancelled: This trade is not looking likely to give us an entry
forget it for now, and lets find something else.
Comment: Still not in this yet, but price is teasing a retest of the upper level of the channel - keep watching and waiting

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