CPG ended last week with 2 consecutive days of doji candlestick. This represents indecision in the market. Now, if we look in the daily chart, the current price is near support which is 1.28 and RSI is near oversold level. Its been a whole week that this stock is closed with red candlestick. Will this week is a start of a reversal? Hmmm... Hopefully.
If reversal will happen this week, we must take note that Fibonacci 61.8% has been strong a strong resistance as this was tested may times based on our daily chart. You may want to take profits at that level.
But if 78.6% Fibonacci level won't hold, set your cut loss plan since this may go down to 1.08 price.
Good luck.
P.S.: Sorry for my bad english :P
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