Oversold and crawled in this area for long time, ready to move foward
Opened a long position today at 3.70. Stop Loss is at $3.55. Hopefully at least, we will see a test of the resistance at the bottom of the gap. The goal is to let it ride through the gap. If the move shy at resistance I will take profits and add it back to my watch list.
CERS ascending triangle breakout pattern in reaction to earnings is now providing support on this recent pullback. I’ll be looking for a move through 3.70 (3.60 stop) in anticipation of another test of the $4 level.
Watching CERS tomorrow for a continuation move towards the May 4th gap. CERS has had strong momentum recently after its very successful earnings call. Look for the move over 4 to 4.20, be careful of a $4 rejection. Looking for 10-20c. Im in from a previous position at 3.72.
CERS is doing higher highs approaching to its earning day. This is a risky trade, but risk is a friend of reward. Manage your trade by putting a limit buy order at 2.90, a tight stop loss at 2.78, take profit at 4 or just below. Risk/Reward ratio = 7.7
good luck to those that were able to snatch some shares cheap today.
Double bottom forming downtrend line of efficiency is weakening 4:1 risk to reward
various buy signals... double down time...
Resting on top of the triangle ready for the next push upward
Looking at fundamentals, I'd say the company is expecting a small growth in the next year, and the price has sort of been up trending in a wide channel since last year. The price restarted making lower lows in August so I'd take advantage of the short term down-trend and short at 6, with my profit target at 5.75.
The all around news is good for CERS- Expecting the first and only pathogen activation in the US to gain momentum and get back to some of its old glory days ... again potential buy out
Positive news all around-significant short interest- and new money will be committed.... so it could run here if the earnings are good....
declining money flow but rising macd