CHEMOCENTRYX INC NASDAQ:​CCXI

CCXI rising out of lows. Looking for rise cross the 20 day MA and up to pivot at 12.19. Good healthy RSI for a long run if it pans out. Their quarter results are today.

Despite long upper shadow; supporting upward trend in swing to possible new high (above $10.80) before correction

On breakout watch

+ side way price movement over the past 5d + price pop'd with above avg. volume - relatively small upper tail + double NR7 right before the pop

CCXI is reaching a key level on 4h chart. It can break down or pullback. In both scenarios over 20% potential gain.

TRADE BUY 5.29 Sell 5.29 Stop Loss 0.81

CCXI is days away from confirming a stellar cup and handle. A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.