CPLP up channel
it appears as if CPLP may be pushing through long term
overhead. Consider the as a guide for the
coming future as long as the bulls can maintain control.
Breaking below the current long term could
signal a sign of weakness, but that may not develop until
the highs around $11 to $12 are tested. This market can
sell of very quickly which leads you to jump quickly if
the stock is not cooperating. Currently a push back to
around $9 would give a good opportunity to test the long
side with risk limited to about $1 while upside potential
is a minimum of $3. Stop losses place below $8 will
allow price the breathing room necessary to stay above
the most recent basing point.