#Premarket Resistance Cluster Analysis on Cancer News

Mar 7, 2018

Technicals:
1. Trading 3.69 in premarket, up 16.04%, as of writing
2. Fitting tangent lines on the chart, which has all-time highs at 3.88, uncovers a cluster of resistance
3. MACD and price action are parabolic, with current red candle signaling a possible bearish reversal through its main horizontal supports (red-dotted lines)

Fundamentals:
Protein Targeting License Agreement for Cancer Treatment: https://finance.yahoo.com/news/aptose-biosciences-announces-exclusive-license-120000769.html?.tsrc=rss

--
For the complete technical analysis on this swing trading set-up, click here: https://compoundtrading.com/swing-trading-periodical-contact

Mar 7, 2018

Trade closed: target reached

Price sliced through all its support levels on an intraday short-sell, and is working through a reversal now. Position closed.