Canal Capital 1.30 PFD (COWPP)

[simon song]

COWPP is in consolidation phase.
I see it going up and down until it finds true support to bounce up from. Problem is we are seeing lower highs and lower lows ever since 10/14 closing price.

I am guessing it will go as low as $0.12. Big runners these days tend to pull back to a 1/3 of its highs then bounce off again.

I still believe $0.50 will come once it truely bounces off this channel.

Will be picking up some again in a couple of days.

GLTA !