CPSL over the last month has been forming a bearish wedge--lower highs and lower lows--trending down to a prior support at 4.05, and closed yesterday at 4.07. Today it gapped down to 4.00 and made a breakout to the downside.
I am looking for support at about 3.50. It's still falling on low volume, so I'm looking for it in the next few weeks. If it makes support at 3.5 or there abouts I might decide to pick up a few hundred more shares.
Or, I might buy an ITM call at 2.5 and wait for a bounce in the stock. I've got my eye on it. (Sorry no charts)
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