CKPT has been in an upward trend since March last year and has recently broken out of a long negative trend, completing a cup pattern on the daily chart. I would expect it to perform a handle over the next few sessions to confirm the pattern, then continue its upward trajectory.
The daily RSI is a bit too high for my liking, but it should come down to more acceptable levels while the handle is formed.
The MACD is in positive territory and showing a nice uptrend movement both on the daily and weekly charts.
The EMAs are showing strong bullish momentum.
Volume has been rising steadily over the past few weeks
As every penny stock, CKPT carries its risks but it has good fundamentals, which I personally find encouraging. Analysts give it a TP of 17.67, so even for medium this stock should be performing very well.
The daily RSI is a bit too high for my liking, but it should come down to more acceptable levels while the handle is formed.
The MACD is in positive territory and showing a nice uptrend movement both on the daily and weekly charts.
The EMAs are showing strong bullish momentum.
Volume has been rising steadily over the past few weeks
As every penny stock, CKPT carries its risks but it has good fundamentals, which I personally find encouraging. Analysts give it a TP of 17.67, so even for medium this stock should be performing very well.