Monday, August 20, 2012

CPG

Daily
- 3rd attempt to break the descending resistance line
- So far momentum upward seems to be positive as RSI broke the 1st and 2nd resistance line
- For a better signal of upward momentum, MACD must move above zero line
- Hanging Man candlestick at resistance. This is a bearish candlestick but with low reliability

Weekly
- MACD cross might be a good signal. Let's see

Bought some at 1.45
Cut Loss below 50SMA or 1.43/1.44



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