CPE Target - Technical Analysis

If you have bought in just before the gap up, Congratulations. Last Friday, I just noticed CPE could have a home run, purely based on the Chart. This gives me more confidence on Trading with the Chart.

Ok, now from the chart, what's the possible target of CPE then:

1. The first target is 3.91

2. If 3.91 can be successfully broken out, then 7.23 is the target.

3. The 200MA will be the ultimate target of the CPE movement now.

4. Please notice that even the general market sucks this morning, CPE is doing pretty well.

So, Sit tight if you are in and right! On the other hand, Taking profits off the table can never be blamed if you can do this all the time.

Enjoy the riding !



at 5/12/2009 10:21:00 AM

4 comments:

  1. AnonymousMay 12, 2009 at 10:31 AM

    Very nice, I would say, go to 10 is not impossible in the near future.

    ReplyDelete
  2. AnonymousMay 12, 2009 at 11:31 AM

    A near term price of $10 would be nice. This was a $28+ stock a little over a year ago. Maybe we can get back to at least 1/2 of that within a year. I read that CNBC had a report out that China's economy is recovering faster than anticipated and they could help US oil prices with their buying. China may just be the ones to pull the world out of the financial mess it is in. jmho

    ReplyDelete
  3. TigerMay 12, 2009 at 11:48 AM

    Thanks for your share of the view.

    ReplyDelete
  4. AnonymousMay 12, 2009 at 12:35 PM

    yes. But I am worrying about the general market now, which is falling ...

    ReplyDelete

Subscribe to: Post Comments (Atom)