Wednesday, July 27, 2016

CPG rally potentially stalling

Century Properties Group, Inc.

The recent rally on CPG is potentially stalling with the following candlestick patterns:

Bearish Counter Attack pattern
- considered a toppish pattern
- potential sign of stalling rally
- requires confirmation

Bearish Meeting Line pattern
- considered a reversal pattern

*RSI at oversold territory

Trading plan
- Scale down position or take profit on reversal confirmation


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