#7 Bullish Stoch: The %K line is above the %D line of the stochastic in the weekly chart as well, indicating possible bullishness.
#8 MACD above Signal Line: In the weekly chart, the MACD (light blue color) is currently above the MACD signal line (orange color). This indicates a possible bullish setup.
Recommended Trade (based on the charts)
Buy Levels: If you want to get in on this trade, the ideal buy level for CPTN is above the price of $2.15.
Target Prices: Our first target is $3.50. If it closes above that level, the second target price is $4.00.
Stop Loss: To limit risk, place a stop loss at $1.50. Note that the stop loss is on a closing basis.
Our target potential upside is 63% to 86%.
For a risk of $0.65, our first target reward is $1.35, and the second target reward is $1.85. This is a nearly 1:2 and 1:3 risk-reward trade.
