Century Pacific Food Inc. (CNPF) October 2016

After a 3-month downtrend, CNPF shows a sign of reversal after it crosses the 50MA with above average volume. Be careful though since the tuna fishing ban could affect its quarterly earnings. Long term projection is still good though due to its strong year-on-year growth.


Chart Observations

October 22, 2016:

-Signs of reversal: price crossed 50MA
-Volume: increasing; indicates buying pressure
-RSI: needs to find higher low
-Stochastic: approaching oversold levels; could indicate pullback
-ADX: trending


Click on the CNPF tag below to check out other posts regarding CNPF.


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