Highlighting a FTSE AIM smallcap stock on the London Stock Exchange that is set to perform well over the coming weeks
This is an update and final post on AIM stock to watch - 1, and i'm happy to report my target of 13p for LON:CPX has been reached and in fact, the share price has blown the target away!
In my first post, dated 13th July, i speculated that LON:CPX was a BUY due to strong fundamentals and a promising technical position. You can read the initial post here. My suggest positions were:
Current Price: 8.325p
Target: 13p
Stop: 7p
On Friday 29th July, i posted an update stating that the indicators were very bullish, and provided these prices as a guide:
Current Price: 10.125p
Target: Remains 13p
Stop: Upped from 7p to 8p
15th August 2017 14:32pm
Buying in at 8.325p and selling at 13p yealded a 56% profit. This looks great, although perhaps not compared to our beloved Bitcoin which has gained almost 100% in the same time period!
The current situation shows that 13p may have been a conservative price to take profits, but this was the target an so it's on to the next one.
