CDXS: Major Rounding Bottom Breakout ConfirmedCodexis (CDXS) has officially transitioned from a long-term accumulation phase into a confirmed vertical breakout. The stock has completed a textbook Rounding Bottom (Cup) pattern that has been developing since late 2025, marking a significant "Change of Character" in price action.
Neckline Breach: The critical resistance and "neckline" at $2.89 has been successfully broken.
Pre-market Momentum: Following the tight consolidation around $2.74, pre-market activity has already pushed the price to $3.10.
Volume & Strength: The move follows a massive 187% recovery from the $1.00 bottom, indicating strong institutional accumulation.
Targets & Resistance Levels: Immediate Resistance: $3.41 is the first major hurdle.
Secondary Target: $4.07 represents the next logical resistance zone.
Full Pattern Target: The measured move of the entire formation points to $4.60, offering a potential ~65% upside from the breakout level.
Support & Risk Management- New Floor: The previous $2.89 resistance should now act as primary support on any backtest.
Critical Support: $2.48 must hold to keep the current bullish structure intact and prevent a breakdown of the momentum.
Upcoming Catalyst: Quarterly earnings are scheduled for May 7, 2026, which is acting as the primary catalyst for this aggressive positioning.
CDXS
$CDXS - May be worth a pre-market buyThis hadn't popped up on my scans, but it is:
1: Sitting on 20ma after decent pullback
2: Sitting on volume shelf
3: Just added by ARKK after hours.
This could fly tomorrow. Might be worth staying up late (1:30am my time) to try to get s good position. I don't think this will be a R3G type of start out the gate. I see a Gap & Go possibility.
CDXS - ARKG has been buying this name. Cup & HandleARKG has been buying CDXS on this current falling wedge. I am sure they did their DD.
There is a pattern of CDXS dipping before breaking above the poll high.
Using symmetrical patterns from prior price action patterns, the play can form a Cup & Handle pattern to the resistance.
Entries: $16.44 , $15.77, $14.95
2-3 months swing
PT: $22 then All TIme High
You're Gonna Want To Own This 10 Years From NowIt's true, I am a technical trader. But I am an overall investor when buying for the long haul. CDXS has dipped back below its IPO price, and the CEO has just purchased 10,000 shares of stock with his own money. He has sold stock in the past, but they were all options exercises, exercised and sold same day for a much higher price. Basically free money. His overall share count never changed. Until a couple days ago. Technically is running into the weekly 125 moving average, and coming up on horizontal support levels. But what this company does is very relevant in the lower drug price debate, and it has nearly 100 million in cash to use however it wants to foster additional growth. Put it like this--CDXS is the primary holding in the custodial account I have for my daughter. Tells you about all you need to know about my feelings about this company 10-15 years from now. Trade as you wish, but invest for the future, not the moment. Happy hunting and GLTA!!




