This chart has gone through ample consolidation.
Once this pattern breaks its going to be a very powerful move.
Being the fact that were seeing a bullish shift in Utilities and gas & Oil, we think this name is setting up for a upside move.
if Nat gas makes a true bottom this name will likely outperform.
This is a lighter volume name so trade with caution.
Green = Support
Yellow = First Take Profit
Red = Final Take Profit
I am trying to simplify this as much as possible. In larger time frames we see a rare volume spike that we typically only see near strong bottoms. Plus, multiple points of bullish divergences have occurred. We can see a little more selling to the down side and still rally after.
CPK pasando niveles clave, la zona del cuadro azul era zona perfecta para entrar, considero el camino hacia arriba apenas comienza, zona amarilla perfecta para tomar posiciones y zona verde para toma de beneficios.
MACD me da confirmación del buen momento para compras y los Fibonacci trazados en distintos TF para determinar zonas de alta reacción del precio.
Going for the CPK on the mere fact it is reporting in the morning of Friday. Looking at that edge to pull me to a win for serious swag from Howard Lindzon. It is all in good fun. Sincerely, Beauty
