Double top pattern. Sell @ $125-135, TP $100-105, SL above $140. avg. volume is less than 1M, so there might be some problems if u are going to short 1000+ shares. this idea is not so perfect, cuz uptrend is still going. so I hope that the price reached it's top and will continue to stay in range $100-135 for some time.
Yahoo finance “CASI Pharmaceuticals Inc (CASI), a biopharmaceutical company dedicated to developing high-quality products and therapeutics to the global health market, announced earlier this month that it had received National Medical Products Administration approval of Melphalan Hydrochloride For Injection.
CASI Pharmaceuticals Executive Chairman Wei-Wu He,...
Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below weekly EMA (5.73)
Today, and this week will allow us to know in which direction this is heading (SHORT-TERM).
~Earnings Call 3/29/2018 ~
If the (A)ctual-EPS is disturbing we might get an interesting trend that could take a few months to recover to CURRENT price levels. Nobody wants to wait long periods of time for them to possibly break-even.
I do like the expansion in CHINA...