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Friday, April 20, 2012

CPST - Levels and Target

CPST has been in my IRA as a story stock for a while, much line AONE, unfortunately. In recent months, somehow it caught The Fly's attention.  And now RaginCajun as well.  Had a monstrous volume channel breakout yesterday.  Today it's slated to hopefully ride the momentum via last night's Fast Money airtime by CPST's CEO.  So let's take a look at some target and levels of interests on the daily chart.

The rectangle target is 1.33.   50% Fib retracement is 1.23.  And 61.8 Fib and previous horizontal resistance at 1.30.   Based on the premarket, it seems the game is on for CPST.


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