KozakHlib

$CTIC can rise in the next days

Long
NASDAQ:CTIC   CTI BioPharma Corp
Contextual immersion trading strategy idea.

CTI BioPharma Corp. , a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers.

The share prose rose after the company had announced enrollment of first patient in the COVID-19 PRE-VENT phase 3 clinical trial.

The demand for shares of the company still looks higher than the supply.

These and other conditions can cause a rise in the share price in the next days.

So I opened a long position from $1,38;
stop-loss — $1,25.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade closed manually: 2/3 at $1,71
Trade closed manually: 1/3 at $1,59

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