Showing posts with label CPG. Show all posts
Showing posts with label CPG. Show all posts

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