CNTA: Setting up for a squeezeUsing a blended candle approach, one can see that the sentiment for CNTA is setting up for a squeeze. The volume is contracting over the past few weeks since beginning of the year. Bollinger band is showing signs of a squeeze. ATR (14) is showing lowest volatility over the past 100 day period. The Blended candles offer summation of short term (20 day) and medium term (50 day) price action allowing for greater emphasis on underlying trends. The price action can be considered as bullish on the short term and weakening bear in the medium term suggesting a break to upside. An entry could be looked for at the EMA(20) of 9.77 limit buy. If this does not make a huge move up in next 5-7 days, I will exit the position. A downside could happen but setting a trailing stop can cap the losses should the trade go other direction. Good luck!
