CYTX made a weekly pull back. Is this the end of the pullback? I think at this price that it is. Let's start from a daily view and move up to a weekly view.
DAILY:
After traveling through a bearish channel, CYTX made a HAMMER reversal signal. Since it is below less than $1, I made a market order and not a limit order.
Strategy:Above the hammer is @ 0.82 or 0.83 is good news for this investment. And it should work out. Otherwise, I will take a loss if it hits my stop at 0.69-ish
Profit Target: My profit target remains the same. Tentatively, $1.44, and ultimately, $3 to $4 within 6 to 8 months.
WEEKLY:
61.8% support and
mid- weekly candle horizontal support
V% Change went -17 so far on a weekly basis.
COMMENT:
Don't invest in this if you don't have the balls!
I was waiting for the end of the weekly pullback, which is why I did not sell higher. I purchased higher before, still holding it.
Because of this hammer I bought more. This could be the end of the weekly pullback if it goes above 0.83 or 83 cents soon. That hammer looks really beautiful and too enticing not to buy it.
DAILY:
After traveling through a bearish channel, CYTX made a HAMMER reversal signal. Since it is below less than $1, I made a market order and not a limit order.
Strategy:Above the hammer is @ 0.82 or 0.83 is good news for this investment. And it should work out. Otherwise, I will take a loss if it hits my stop at 0.69-ish
Profit Target: My profit target remains the same. Tentatively, $1.44, and ultimately, $3 to $4 within 6 to 8 months.
WEEKLY:
61.8% support and
mid- weekly candle horizontal support
V% Change went -17 so far on a weekly basis.
COMMENT:
Don't invest in this if you don't have the balls!
I was waiting for the end of the weekly pullback, which is why I did not sell higher. I purchased higher before, still holding it.
Because of this hammer I bought more. This could be the end of the weekly pullback if it goes above 0.83 or 83 cents soon. That hammer looks really beautiful and too enticing not to buy it.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.