CARA had a very bad report on one of their drug & for that it is down big time after the market hours & came down to key support label. Now if it bounce back from here $21-22 area would a very good shorting point or break below the support. Hopefully it will be a exciting trade opportunity.
* Trade Criteria * Date First Found- June 29, 2017 Pattern/Why- Key Support breakdown short with weak fundamental condition Entry Target Criteria- Pull back to $20.90 area or Break of support around $17 Exit Target Criteria- Momentum Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)