KALA PHARMACEUTICALS INC KALA is forming a CUP & Handle formation with a leading BO on the OBV index. The stock had also a lot of insider buying power and positive news with their EYSUVIS (a dry eye disease)
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We had our Weekly BO on good volume and are now at a resistance area 9.11
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KALA broke the 10$ The chart is showing overlapping staircases with a lot of thrust patterns with the volume to confirm. On this weekly chart you can see a 2x BO of 2 Cup & Handles pattern again with the volume with confirmation.