traderprosignals

CALT BUY/LONG NOW READY! 31.00 to 39.45 by Aug 2021

Long
NASDAQ:CALT   Calliditas Therapeutics AB
TICKER CODE: CALT
Company Name: CALLIDITAS THERAPEUTICS AB
US Stocks Health Technology Pharmaceuticals: Major

Position Proposed: BUY

BUY ENTRY: NOW READY (31.00)

1st Partial Take Profit: 39.45 (July - August 2021)
2nd Partial Take Profit: 47.80 (End 2021)

NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION

Stop Loss: 27.15

Technical Analysis
1. Large Flagpole with Falling Wedge
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Partial Take Profit is at Fibonacci Extension Level 1 Grey Zone (Safe Zone)
1st Take Profit is also at the Flagpole Price Range
5. 2nd Partial Take Profit will be at level 2 of Fibonacci Expansion Blue Zone. - MAY NOT REACH

Note that the market has already BREAK AND RETESTED.