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"Hammer" candlestick pattern found with this chart.
Did you notice that on the 1-year DAILY graph, every time CPNO throws us a "hammer" candlestick (e.g. 8/6/07, 10/3/07, 1/22/08, and most recently, 6/26/08 (TODAY)), the stock rallies up 3-4 points, then fizzles out and goes lower?
This most recent hammer might suggest a short-term move up to $37.50 before its next leg down.
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