Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:CYP ...
I believe this code is at a point of potential volatility.
If price can hold above $0.200 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.235 (Conservative)
- $0.270 (Medium)
- $0.310 (Aggressive)
...
Downtrend was broken at the start of the month with good volume but yet to really offer big breakout. Looking for a fill up to 0.775 (resistance from early jan). Once past that, not much stopping it up to 0.870 or higher.
Stop at 0.655 which looks like a base
RSI has plenty of room run
Classic bullish flag forming in the Cynata Therapeutics chart. Not the best time for the technicals to line up as far as the overall market in concerned, but this looks to be High probabilty trade on the back of their cv19 tailwinds/fundamentals as they turn their attention to virus treatments (cv19). Currently recruiting for human trials. Waiting for the break...
Cynata has been having a good run of late, but is back up against its previous all time high. If it can push through I would take a punt on it to continue. It hit $1.65 in todays early trade but back down to $1.52 now. One to watch for now.
Cynata Therapeutics Limited is a stem cell and regenerative medicine company. The Company is engaged in the development and...
