CBIP- Recovery mode with rising on Chart Pattern
CBIP in recovery mode with nice double W shape and nice Cup & Handle pattern formed on weekly chart .
Moving average lines up nicely with short term MA trending up above the long term MA. RSI trending up and stochastic is bouncing off the oversold region.
Resistance level at 1.25 from confluence of MA corresponding to previous Support & Resistance
Next Resistance around 1.5 level
Moving average lines up nicely with short term MA trending up above the long term MA. RSI trending up and stochastic is bouncing off the oversold region.
Resistance level at 1.25 from confluence of MA corresponding to previous Support & Resistance
Next Resistance around 1.5 level
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