CFMS BUY/LONG NOW READY! 0.8836 to potentially 3.900 by End 2022
TICKER CODE : CFMS
Company Name: CONFORMIS INC
Industry : Health Technology . Medical Specialties
Position Proposed: BUY
Entry : NOW READY (0.8836-1.2428)
1st Partial Take Profit: 1.5501 (AUG 2021-OCT 2021)
2nd Partial Take Profit: 2.0080 (Early Jan 2022-March 2022)
Expected Take Profit: 3.9000 (July 2022- OCT 2022)
STOP LOSS: 0.4617
Technical Analysis:
1. Large Inverted Head & Shoulders (Formed and now forming retracement)
2. Smaller Inverted Head & Shoulders (Forming)
3. Double Bottom Formation Forming (First Head - 0.4700, Second Head-0.6525)
4. Fibonacci Retracement at 0.786, Expansion Fibonacci Retracement indicates a potential BUY Opportunity
5. Small Flag Pattern Forming Now (4th Jan - 3rd May)
6. Safest Take Profit will land equivalent to the Flagpole length and level 1 of Fibonacci Expansion Grey Zone.
7. The Market should potentially reach our Expected Take Profit will also be at EMA 60
Company Name: CONFORMIS INC
Industry : Health Technology . Medical Specialties
Position Proposed: BUY
Entry : NOW READY (0.8836-1.2428)
1st Partial Take Profit: 1.5501 (AUG 2021-OCT 2021)
2nd Partial Take Profit: 2.0080 (Early Jan 2022-March 2022)
Expected Take Profit: 3.9000 (July 2022- OCT 2022)
STOP LOSS: 0.4617
Technical Analysis:
1. Large Inverted Head & Shoulders (Formed and now forming retracement)
2. Smaller Inverted Head & Shoulders (Forming)
3. Double Bottom Formation Forming (First Head - 0.4700, Second Head-0.6525)
4. Fibonacci Retracement at 0.786, Expansion Fibonacci Retracement indicates a potential BUY Opportunity
5. Small Flag Pattern Forming Now (4th Jan - 3rd May)
6. Safest Take Profit will land equivalent to the Flagpole length and level 1 of Fibonacci Expansion Grey Zone.
7. The Market should potentially reach our Expected Take Profit will also be at EMA 60