Stock in Focus: Century Properties Group (CPG)

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Century Properties Group (stock symbol: CPG) has opted to play the range scenario mentioned a few times previously.

Philippine Stock Exchange, Century Properties Group_CPG Daily chart, June 3, 2014

CPG Daily chart, June 3, 2014

The stock is now trading inside a tight range between 1.30 and 1.60. There is some cause for concern as CPG has preferred to trade close to the bottom of this range quite often.

The near-term line in the sand is at 1.70, with 2.00 as higher resistance. Bulls must avoid a break of 1.20 at all cost.

The Stochastic indicator is ready to move north after posting a little bullish divergence (green lines) a few days ago.

Do you have CPG in your portfolio? Share your thoughts below!

1 Comment

  1. Pagandahan kami ng buy entry ng 2 officemates ko dito. Hehe

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