Rocketman
Long

CYTX update: ASCENDING TRIANGLE within Weekly BULL FLAG

NASDAQ:CYTX   CYTORI THERAPEUTICS INC
42 3 1
CYTX             has formed an ASCENDING TRIANGLE pattern within a WEEKLY BULL FLAG pattern.
If it goes above above the last red-down- candle,
above 1.23, when a green candle appears on a daily,
then this presents itself as a good risk/reward opportunity.
A smaller time frame, as noted below, tells me to buy now.
On March 13 I already entered, and this is a second opportunity.

Other observations:
Notice the higher supports (higher lows)
and notice how the resistance is being squeezed up. This is called an ASCENDING TRIANGLE pattern, and it means that buyers are coming in on higher lows, like we probably are right now.

Entry Confirmation from a Multi-time Frame Viewpoint:
Smaller Time Frames (4-hour, 60 minute, 30 minute):
- smaller time frames have bullish candles and other indicators
suggest support and give a divergence confirmation to buy now.

I've already purchased this company with enough shares, so it makes no sense to buy more now.

Profit target is 2.05 if CYTX             can get through 1.68 channel resistance.
Rocketman PRO
2 years ago
DAILY VIEW
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Rocketman PRO
2 years ago
DAILY VIEW:
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Rocketman PRO Rocketman
2 years ago
CYTX did not give the signal to buy on a DAILY basis; however, on an intraday basis, it utterly failed, and I entered previously on an intraday candle, but decided to hold it because CYTX pulled back on a weekly basis, and the risk is not that big. CYTX is currently back at the FIRST support area and at the beginning of March 2015. This is also the middle of that large GREEN candle right before march on a daily chart. This is also where a 50% Fib support is. So, this is a place that want to BE A BUYER in this $1 stock or 99 cents stock. I am waiting for a good signal to enter beyond the signs that I already see, and it may be today.
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