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AtticusRex

CASI: Holy Grail buy on the weekly

Long
CASI Pharmaceuticals, Inc. (NASDAQ:CASI)  
AtticusRex Updated   
NASDAQ:CASI   CASI Pharmaceuticals, Inc.
Chart Patterns CASI holygrail raschke reversalpoint
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chartpattern casi holygrail raschke reversalpoint
Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.

Setup invalid below weekly EMA (5.73)
Comment:
This played out with the gap up to $7.50.
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