📊
✅ Stock: Candel Therapeutics, Inc. (
CADL)
✅ Chart Timeframe: 30-Minutes
✅ Setup: Long Trade (Breakout Play)
📈 Technical Analysis & Key Levels
📌 Trendline Breakout Attempt
The price is testing a descending trendline resistance (Pink Line).
A breakout above this level could lead to bullish momentum.
📌 Support & Resistance Zones
Support: $8.25 (White Line) – Strong base, tested multiple times.
Breakout Level: $9.00 (Yellow Line) – Crucial resistance area.
First Target: $9.86 (Red Line) – Previous resistance level.
Final Target: $10.97 (Green Line) – Next major resistance.
📌 Trade Plan
Entry: Above $9.00 (Confirmation of Breakout)
Stop Loss: Below $8.25 (Previous Support)
Take Profit Levels:
🎯 TP1: $9.86
🎯 TP2: $10.97
📝 Trade Strategy
📌 Breakout Confirmation Needed:
If price closes above $9.00, it confirms strength for a long entry.
A strong volume increase on breakout will add conviction.
📌 Risk Management:
Risk-to-reward ratio looks favorable.
Stop loss at $8.25 ensures a controlled downside risk.
📌 Watch for Fakeouts:
If the price rejects $9.00 and falls back, avoid entry or exit early.
🔔 Trade Alert Summary
🚀 Bullish Setup – Watching for a breakout above $9.00
📈 Potential Upside: $9.86 → $10.97
⚠️ Risk Level: Moderate – Wait for confirmation before entering.
✅ Stock: Candel Therapeutics, Inc. (
CADL)✅ Chart Timeframe: 30-Minutes
✅ Setup: Long Trade (Breakout Play)
📈 Technical Analysis & Key Levels
📌 Trendline Breakout Attempt
The price is testing a descending trendline resistance (Pink Line).
A breakout above this level could lead to bullish momentum.
📌 Support & Resistance Zones
Support: $8.25 (White Line) – Strong base, tested multiple times.
Breakout Level: $9.00 (Yellow Line) – Crucial resistance area.
First Target: $9.86 (Red Line) – Previous resistance level.
Final Target: $10.97 (Green Line) – Next major resistance.
📌 Trade Plan
Entry: Above $9.00 (Confirmation of Breakout)
Stop Loss: Below $8.25 (Previous Support)
Take Profit Levels:
🎯 TP1: $9.86
🎯 TP2: $10.97
📝 Trade Strategy
📌 Breakout Confirmation Needed:
If price closes above $9.00, it confirms strength for a long entry.
A strong volume increase on breakout will add conviction.
📌 Risk Management:
Risk-to-reward ratio looks favorable.
Stop loss at $8.25 ensures a controlled downside risk.
📌 Watch for Fakeouts:
If the price rejects $9.00 and falls back, avoid entry or exit early.
🔔 Trade Alert Summary
🚀 Bullish Setup – Watching for a breakout above $9.00
📈 Potential Upside: $9.86 → $10.97
⚠️ Risk Level: Moderate – Wait for confirmation before entering.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.