A textbook Cup and Handle is forming on the CPE chart. I believe the handle can continue down as far as $11.40 considering there is support at that level, prior to the cup forming. The bottom of the cup shows a price of $4.50 and the bottom of the handle may go as low as $11.40 in the coming days or weeks. Therefore, I have based my price target from $11.40 (although it may breakout sooner than that). The bottom of the cup ($4.50) to the bottom of the handle ($11.40) is approximately a 253% increase. Therefore, my price target is approximately $27.50 - $30.00 (253% increase from 11.40). Remember, CPE was trading at nearly $50 in January 2020 (prior to COVID-19) which makes me even more bullish on this cup and handle formation. I expect to see us closer to those January numbers within the first half of 2021, and at the very least, we hit $27.50 - $30 within that timeframe.