May. 12 at 6:54 PM
$CPNG $CPNG looks like the Bulls don’t wanna see the
$15 range today, still got an hour and 10 minutes of trade. This is much like when a stock gets sold off hard and hits the six dollar range, they’re gonna do everything they can to try to keep the stock above that five dollar range because if you hit it there’s a high chance you’re gonna fall into that penny trade under five dollars.  if you look at it from the same standpoint then a stock a company like this should be able to hold that 16 dollar range and bounce. I can see another push into the
$18 range maybe even the low nine
$19 range before earnings but that’s probably where the cutoff is and the stock will probably settle somewhere in the 17 dollar range before earnings
