Discussion in 'Technical Analysis' started by ARogueTrader, Jan 5, 2004.
CPN forming a nice base.
Initial target 6.00
i hope that you are not thinking about buying, If yes, why ? Just for the record, I would not buy it based on this chart.
even though the overall trend is down, I see greater volume in buyers than sellers. What are you looking for to happen??
Long term chart of CPN:
I got long yesterday at 4.97, and thought about securing some profits, but held overnight.
Pre-market trading was under 5 bucks, so I put in a limit order to sell at 5.05.
Got a very lucky fill at 5.15 area, so I am flat for now.
I want to watch how we hold the 5 dollar area. I maintain a positive stance on the chart, and think if we take out yesterday's high we move up.
Good luck with your trades!
I had a sell signal( short term) at that time which got amplified by a strong closing. Plot 100ema on 10 day 10 min chart. This is a filter#1.
CPN currently trading 5.54.
Went long DYN, trades similar to CPN.
CPN looks to test 6.33 area, chart looks positive...
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