mazdaki
Long

CERUS Will Break out of the wedge

NASDAQ:CERS   CERUS CORP
21 3 0
FDA approval.
Start of US customer base
Double bottom on a daily base.
Cup and Handle formation.
Wedge formation but not pierced yet.
First Target raised to $8 ish            
Added another 10% to the position.
Reply
Jspnevo, Thanks for the feedback. At this point we have a 50% retracement on the formed cup. The handle is complete and any breakout out of the linear regression down on the handle would be clear sign for the stock to advance significantly. I am building a sizable position as the handle has been developing as I believe there will be significant market for their product. Good luck!
Reply
if it breaks 6.02 I would be in long on a smaller position ...watch it since it could hit resistance in the 6.20's.
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