MarketMonk

Interesting sideways channel on larger upward channel pattern

NASDAQ:CARA   CARA THERAPEUTICS INC
36 0 2
At this moment, we can't really determine, based on how NASDAQ:CARA             played out this morning, whether or not the market will continue along the larger channel or degenerate below 6$ price range, playing out a new trading topology. For now, we will stay conservative, keep the 3% price movement winnings from this morning in our pockets and wait until the smaller channel breaks high or low for further confirmation of continued pattern action.
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