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ArturoL
Sep 6, 2023 8:06 PM

It's an animal Long

Cabaletta Bio, Inc.NASDAQ

Description

Huge inverse HS playing out. The last 3 months price has been pushing against the resistance. Break out is coming, SL triggers when price drops below the minimum of the current monthly candle and a daily candles closes at that level. Use limit orders to TP and take profits on the way up.

Comment

Daily timeframe chart, uptrend since October 2022:

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Is doing it:

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It did it. Start taking some profits here.

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Looks too good, I'm adding tomorrow:

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Is trying again. This time I'm taking profits at 19 or so. Earnings are coming and this is not the kind of stock I like to hold too much time:

Comments
fisik89
Thanka do you have any comments on STLA
ArturoL
@fisik89, If the uptrend (support) doesn't hold, most likely to drop to the next support at 17.

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