[moneymaker]

I know it's confusing but CPL is in Utilities (according to yahoo finance), which is a good performing sector right now.

I do not pay attention to whether it's a daily or weekly chart, maybe I should. I don't remember reading about this in Stan's book, I will check it out.

The breakout point I'm referring to is around 15, right when there was a huge volume spike in june.

The potential resistances will be 17 and 18 but I don't think they are very strong resistances since there is not many people who bought at these prices, the recent volume spikes should be enough to propel the share price above these two resistances.

If I buy this stock right now, my stop loss would be at the lowest recent support (which is 14) because if the stock breaks that support there are not many lower supports for the stock to rebound on.

I hope that makes sense.