Stock is making higher lows, finding resistance at the $9 level. Awaiting data for Phase 3 trial. killcvmshorts.com for more information. HIGH reward. All or nothing. Looking good for a long setup.
Comment:
These usually do work. Still respecting the rising wedge. Found resistance at the 9.60 area and now its looking for a retest. PT: 12.00
Comment:
Stock closed over $12.00 with conviction. Confluence of events, technical and fundamental lead the stock higher. It is now testing the upper part of the multi-year rising wedge. This is ahead of a potential IDMC review and Phase 3 results expected this year.
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Will re evaluate once I see the reaction off this $12.00 level. This is a new trend, prior resistance and support is now obsolete. Uptrend is clear if we hold 12.00. Strong Buy.