CVM is a biotech had news on the 30 of trial underway this is a former spiker that currently has multi green days under its belt current shares short % is 12% this also sitting well above vwap which shows longs are holding over the weekend and with shorts getting paid I will be looking for a morning panic at open for a nice bounce, also observation last panic bounce was on friday and I didnt bounce until around 9:45ish so want a little let it truly panic Entry mid 4.90s looking for a 10-20% bounce will pla
This stock has a cult like following of die hard retail traders. Most of us are looking for the eventual buyout of at least $50 per share. Dips in CVM are short lived and bought fast. I thought 4.90 too but now I seriously doubt that it retraces more than a dime. LONG CVM
kiwiktrader
⋅
@Weedkiller420, I agree this is a nice looking ramp pattern, I will be watching for it to hit either 5.65 with volume for a break out for a buy and hold sell on the first major pull back or in on a breakdown with volume at 5.37 for a dip buy entry around the 4.90s to get a bounce either way this is going to be wild and exciting tomorrow! LONG / SHORT I am prepared for both scenarios, short and fast trading is more my interest.
Master_of_Fine_Charts
⋅
@kiwiktrader, same here but have been disciplined enough to hold this one. Keep some long term. Shes gonna pay off.