Reference Chart – CPG

August 6, 2013 at 10:16 am Leave a comment

Countless of times, whenever i comment regarding CPG (and few other stocks) at FB groups, it’s usually one word. “Stuntmen no more”. Well make it three.
Whatever that means, only the curious ones who asked knows.

As cpg nears its previous low of 1.20, its rsi is still higher than its previous rsi low. A possible double bottom is in place but a trader intuition is needed here. cpg could breach that 1.20, make another low and create a bullish divergence in its RSI. that’s another scenario. however, since the stunts at cpg have long been gone, the psychological reason for the public for keeping the stock now lies on its 20% to be announced stock dividend. 20% stock div hmmmmm.



Entry filed under: Phisix's Closet (PSEi). Tags: , , , , , .

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