Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Where is the sprouting beanstalk?

Is it over here?


Above is the weekly chart of $CGEN. You can see the cup and handle pattern except that the rim of the cup on the other side is a bit taller than the handle.  Hmm…  there are two walls to take over before this beanstalk can grow wild…

Take a look at the daily $CGEN chart below:


There are good support at the last December high at $5.86.  The next wall is at $6.17 which looks attainable.

I’m already in from last Friday and will add more if the $6.17 wall is taken out.

My 2 cents.

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