CNPF possible ATH play
Sector/Industry: Food / Consumer Essential
Price nearing ATH (around 12%) and successfully supported @ weekly SMA100. Interesting that it recovered above its distribution structure (Sept 2021 - Feb 2022).
Switching wyckoff cycle bias to reaccumulation @ JAC transition.
Possible Tier 1 buy (50day-high BO) if it closes above 26.20.
Will tread lightly as the stock is illiquid.
Price nearing ATH (around 12%) and successfully supported @ weekly SMA100. Interesting that it recovered above its distribution structure (Sept 2021 - Feb 2022).
Switching wyckoff cycle bias to reaccumulation @ JAC transition.
Possible Tier 1 buy (50day-high BO) if it closes above 26.20.
Will tread lightly as the stock is illiquid.
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