RE: CPX3 Nov 2021 12:13
Cap-XX (CPX): 200 Day Line Target
Having peaked at the turn of the year through 14p, the subsequent decline to 5p this month has not been pleasant. However, with a recent April resistance line break at 5.25p, and a mini cup and handle formation over the past couple of weeks, it looks like the stock could be on the front foot after many months. The view at this stage is that while above 5.25p we could see Cap-XX hit at least the 200 day moving average now at 7.75p by the end of this month.