$CRBU- great long term playI've been watching NASDAQ:CRBU for a couple of years waiting for it to start looking good for a trade, and it finally looks like the time is right.
I ended up buying today. A sustained breakout above the $2.70 level, and flipping that level as support should bring a larger move.
I've marked off key resistance levels on the path up to the highs.
CRBU
CRBU Caribou Biosciences Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CRBU Caribou Biosciences prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CRBU | InformativeNASDAQ:CRBU
If the price of CRBU breaks above the bullish line of $7.49, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $8.65.
Conversely, if the price of CRBU breaks below the bearish line of $6.86, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $5.95.
CRBU looking like a good tradeWe have bottomed out here potentially and appear to be under accumulation on the higher time frames. The Bollinger Bands are compressing quite nicely and we could have a nice little squeeze up to the the 200 ma or higher in my opinion. Not financial advice, DYOR.
“Caribou is a leader in the CRISPR field, successfully leveraging its proprietary genome-editing technology to develop allogeneic cell therapies that are potentially transformative for patients.”