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Bjax02
Jul 21, 2017 8:05 PM

Possible set-up for next week? Long

Capricor Therapeutics, Inc.NASDAQ

Description

What I think I see is a bullish re-test gap. I've put the stop at the support, possible entry just above 1st resistance and target at $1.61....
Comments
Reallifetrading
I do like that! BUT - since it is a retest gap, might as well buy on a retest.
:-) You could set up both trades and simply cancel the other according to which triggers first. :)
Bjax02
@Reallifetrading, Gotcha! Buy a retest on a retest...makes sense... or cents... haha.. I only looked at the daily chart and 1 minute chart. Didn't even think to look at the 60 minute. Not sure about todays candle.. Is that a evening star? and if so, there is no way to tell if it's bullish or bearish, correct? Until next week anyway. Will plan out both trades... Thank you very much! :-)
Reallifetrading
@Bjax02, Heck yea. That hourly chart is BOSS. youtube.com/watch?v=-aD94OUy1GU&index=3&list=PLJAEKq6_6huw1-RcpJl3E-7ZhkvWmdCEb
"Not sure about todays candle.. Is that a evening star?" No, it's a pennant. youtube.com/watch?v=NkyodM-dhjQ :)
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