i see a good support at 2.00 area with a retrace back to 5.0 area and break the 8.0 area soon, that is a strong resistance area and if break clean it will push higher but thats up to the company and how they grow,the technicals show upward
CPI Aerostructures, Inc. engages in the manufacture and supply of structural aircraft parts and aerosystems for fixed wing aircraft and helicopters in both the commercial and defense markets. It provides engineering, program management, supply chain management, and overhaul services. The company was founded by Arthur August in January 1980 and is headquartered in...
I've been keeping an eye on CVU for a while and this ascending triangle is just squeezing tighter and tighter. With positive MAs, solid midlevel RSI this could be a 1-2 dollar jump when it breaks free.
By my estimation it will be the 23rd-25th of January.
