We have been watching $CDXC for quite awhile and the stock is on verge of a breakout. A move above $5 would be new 52-week highs and get the momentum players into the stock.
We are going in at $5.01 and not much of a stop will be needed. For those that use a money stop, 5% to 10% risk is sufficient.
ChromaDex Corp. is a science-based integrated...
CDXC has formed a dragon or hammer candle. It is bouncing off the 200 day moving average making the price a bargain. The target price is $9.25 however I'll aim for the upper Bollinger Band for $5.57. Ill set my stop loss below the 200 day. This should offer a 15% return.
trend lines and a rising channel. EW count supports a retesting of the trend line with possible targets shown. If CDXC bounce off the trend line or one of the FB retracement targets, that is the time to go long. Oscillators suggest a minor correction is in store.