Assuming CPG shows signs of stopping volume as it falls back into the accumulation zone here, the 6.45 - 6.48 zone appear to be a potential low-risk long entry with use of a tight stop.
The weekly chart MACD seems to be diverging since September 2015 low, now the chart is forming an upside down head and shoulders. Should a breakout occur the measuring rule would put a price target around $13.00
The big new was the ability to send oil to texas via a pipeline.the stock took a hit. But as oil costs more to get out of the ground a way to save is pipeline transport. Fracking is the lease expensive oil to gather. Big investments stay away from the smaller companies. So the stock price largely up to the public at least for now. They stay puplic minded that...
Podría comenzar una recuperación del papel por estos motivos:
Notoria acumulación si vemos el volumen en el canal bajista.
Rebotes en Fibos 61.8 y 78.6 con doble piso con volumen promedio alto.
Pullback a la Línea de tendencia bajista de largo.
Price action con martillo confirmado.
De todos modos el piso de los 8.80 lo tiene muy cerca. Con muy buen Ratio...
