AcornWealthCorp

CIG - Cup & handle formation break-out Long from $2.87 to $3.67

Long
NYSE:CIG   Comp En De Mn Cemig
CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher.

It was send through our intraday alert.


* Trade Criteria *
Date first found- February 15, 2017
Pattern/Why-
Entry Target Criteria- Break of $3.10
Exit Target Criteria- 1st Target $3.43, 2nd Target $3.67
Stop Loss Criteria- $2.87

Please check back for Trade updates. (Note: Trade update is little delayed here.)


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