Replies to post #13054 on Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

EOD Chart: The previous breakout of the downward Pennant Pattern was followed by an immediate breakdown. The PPS now appears to be in a second breakout mode with a sustainable trend, imo. PPS has pentrated the 50 MA and today almost touched the 200MA. PPS should break 200 MA tomorrow as an indication of strength.

PPS appears to be taking the top Bollinger upward as well as the 5,10, and 20 day MAs. The PPS has penetrated the top Bollinger but not so extensively as to require a significant pullback, imo, but worth watching.

All technicals look positive, but much will depend on the mood of the overall market.

Support is @ $1.04(double, 7)medium
First resistance is @ $1.08( Single ,5)weak.
Strong resistance is @ $1.14( Triple plus, 10) strong.
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CPST#lchart

My guess is volume and price is up mainly due to shorts buying to cover. Retail may be playing a small part. I think this because of the long daily grind in one narrow band which shows the exchange.

Also the long squeeze is weakening recently, but still significant.
Recent sales pr is probably a very strong factor here also.