Interesting opportunity at CATM with a risk reward ratio of about 3:1.
CATM showing a bullish stochastic cross today at support level.
Short float is at 15.8 % - might lead to some upside momentum in case they start covering
CATM had a huge decline & now seems getting upward momentum. It seems broken out from a short-term downward channel. It has good volume & strong money flow index. We think it will continue upward from here.
* Trade Criteria *
Date First Found- March 7, 2018
Pattern/Why- Downward channel breakout long.
Entry Criteria- From Current price ($26.49) (Hit March 8, ...
CATM was a low-dollar Fast Ball Expansion-of-range-and-volume setup on the proprietary scanner at TraderInsight.com. The plan was to capture .40 in a quick move below the Thursday low. But an early move through the central pivot, followed by a fib retracement and collapse to 17.40 generated a $2 winner in this sub-$20 stock.
See the logic behind the trade ...