The bullion hedge fund manager John Paulson Jr acquired 21.6M shares of CPE. The blue line is the 2014 price level. My play is to see will we have some contraction and then to jump in. Also worth paying attention is RSI 50 level, will the momentum holds or not above the same one.
My target will be near the Fibonacci level ( Weekly one)
My target will be near the Fibonacci level ( Weekly one)