CGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios:
Scenario 1 - Can go higher after forming a base and shows bullish price action
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70.
In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Scenario 1 - Can go higher after forming a base and shows bullish price action
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70.
In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.