HG,
CPST is showing strong technical buy signals across the board, and looks poised for a retest of overhead resistance at the 200 ema:
askresearch.com
MACD looks ready to signal also, and the most recent histograms show a mildly bullish divergence:
stockcharts.com[h,a]dbclyymy[db][pb100!b200][vc60][iUp14,3,3!La12,26,9]
CPST has bullishly pulled off the lower rail of the 25 day Bollinger band chart, and should reach the midline area soon. Since the midline is downsloping, this area will represent resistance, and a successful traverse to the upper rail of the 25 day BBs would be very bullish IMHO:
207.61.23.99
On the hourly crossover chart, a crossover buy signal persists, though the most recent candles and MACD histograms show some slowing of momentum:
207.61.23.99
5 min intraday chart shows very short term oversold conditions, with consolidation sideways toward a test of moving average support evident:
askresearch.com
Short term, CPST likely to rally to test overhead at the long term moving averages, and my guess is that this will occur in the next week or so.
JMVHO, as always......
Walkingshadow |
