Dear All,
Another stock which catches our attention is Core Projects and Technologies. This stock has been creating a rising/ascending triangle formation since 2009 which is denoted by the black lines. Although the break out from this pattern is yet to occur, if you look at the black highlights which are clearly the support zones for this stock, it would be prudent to buy this stock at the current 299 level.
Buy in small parts around the 299 - 275 level for a target of 317/330 over the next 6 months. I think that this stock has been creating a decent formation technically and if someone has a one year to two year time horizon this stock could possibly break out and reach very high targets.
I would like to buy it in parts right now for targets closer to 317. The potential breakout for this chart would happen above 350 levels but no harm in tracing it from now; could be one of the dark horses over the coming years.
Thanks,
Dewang K Mehta
DENIP Consultants
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