CPG share price numbers I am looking forIt is clear that CPG is wanting to breakout -- it has been in the C$5.60-5.80 range for several weeks and, notwithstanding the price decline late last week, it quickly returned to this zone early this week. With sellers drying up, there just needs to be one big buyer to really move the share price.
I am by no means a technical analyst so take my forthcoming comments with a grain of salt.
Here are the share price numbers that I am looking for:
C$5.87 (52 week intradday high)
C$5.80 (52 week closing high)
C$6.00 (an important psychological level)
C$6.30 (the multi-year intraday high -- CPG hit this price the first trading session following the attack on Saudi Arabia's oil facility Abqaiq).
I agree with comments expressed by Bpultra and Whynotpeanuts10. If we can breakout of the current trading zone, we should see a nice uptick in CPG's stockprice. I really do hope that CPG management begin executing on thei current NCIB -- buying just a couple of million shares will really put the fear of God into the shorters by quickly raising share price. However, even if it doesn't there are several other catalysts to do the trick.
GLTA longs!