NASDAQ:CNAT   CONATUS PHARMACEUTICALS INC
Disclaimer: All biotechs are extremely risky, so do your own DD


I like this setup in CNAT . Despite the fact CNAT has recently failed a trial, I look at this as an opportunity to run before the next dataset in the 1st half of 2019.


Reasons I believe this is:

Stock has a history of filling all gaps in the chart. Gap at 4.50 currently needs to be filled.
Ascending Triangle Chart Pattern ( bullish )
Even though it temporarily made historically new lows for the stock, it subsequently rebounded off the long term support area .

Risks are as follows:

Stock offerings (although they already raised 28.6 million for trials and expenses back in May)
Failed trial


We'll see how it plays out
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