CPQ - How much of a down turn do you estimate?
Let me hasten to add that I'm very new at Candlestick charts. CPQ may go to the moon Monday, but I'm not buying till I see what's happening.
Go to iqc.com, the "shooting star", then go to quote.com, enter CPQ, choose candlesticks from the popdown menu at the left top, and W from the time period at the right top, then look at Thursday May 7 and compare it with Wednesday May 6. Thursday's BODY, with a long upper shadow, gapped away from Wednesday's body. Friday was weak and looked a little like a hanging man. It will be interesting to see what happens Monday. Probably go to 40..... If it does go down, the 20 day ema looks about 29, and 50 day ema 27.5. Decisive penetration of latter to the downside wouldn't be good.
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