CNP 0.00% 4.0¢ cnpr group

HI FOLKS,the spinning top can imply indecision and could all so...

  1. 6,368 Posts.
    HI FOLKS,

    the spinning top can imply indecision and could all so indicated a reversal candle,

    http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlesticks_and_sup

    but unless there's an announcement i don't think this will come about,

    the second possibility,
    and the most likely IMHO is that more downside will be with us today,
    and i believe that $0.330 is very possibly the very lowest it will go,

    in order to achieve the low of $0.330 it has several support areas that it needs to break through first,

    weather this will happen or not remains to be seen,

    these resistance areas being the $0.350
    then we have $0.340 then $0.330,

    i would all so expect the share price to bounce once the low of $0.330 has been achieved,
    it will all so need to hang in this area ($0.330)for a few hours as well.

    (the time frame it a T/A thing for the indicators)

    i will even go as far and call today's closing price could be around the $0.350/355 area

    all so as you can see the stochastic has a support area as well,

    and when/if $0.330 is achieved then the stochastic support could/should come into play as well,

    all up folks we could have a very interesting day today.

    P/S I HOLD

    cheers

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