I have featured CPSL in a few posts as well as the videos. This one looks like it is on the verge of busting out into something good. What kind of good you may ask? Well, go back and look at my posts or videos or just pull up some charts and draw some trendlines. CPSL is looking a whole lot like AMR and DUG both looked a few days before they cracked and pushed up big time. What do I mean by that? Well for one, CPSL is coming out of a descending-ish type wedge, which looks very bearish, in fact things aren't as they seem-IT'S BULLISH! Descending Wedeges often retrace their bases, so a possible target on CPSL would be about $5.25 pretty quickly and looking back to May, you see it can certainly move when it's ready. Also they, especially DUG, fiddled around in a triangle just out side the wedge, CPSL did that, is done with that and has moved to a smaller, launching pad triangle which looks ready to go. All in all, this thing "could" go today. Keep an eye on it.
Update***I'm sure I've disclosed this, but I AM, LONG CPSL!!!
Friday, July 18, 2008
CPSL...UPDATE
Posted by Brandt at 10:55 AM
Labels: CPSL, descending wedge, rally, trend lines trade guild
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