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 has formed a declining double top on the hourly thru daily charts. indicators on those charts support further declines. Higher time frame charts are mixed. This is a short term play with 2 RRR.
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...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
NASDAQ:CATM
