CNAT has been in a strong uptrend since earlier this year and still going strong. We will be watching this one for tomorrow for a continuation trade. You can watch my full video review for $CNAT by using the link in my signature description!
The chart above is based off of pure technicals.
This is not investing advise, just my opinion on theoretical Technical analysis with this ticker using Elliot wave theory and Fibonacci ratios along with my own pattern/ trading secrets.
See link below for interview our company did with Conatis pharmaceuticals (Nasdaq: CNAT)
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Disclaimer: All biotechs are extremely risky, so do your own DD
I like this setup in CNAT. Despite the fact CNAT has recently failed a trial, I look at this as an opportunity to run before the next dataset in the 1st half of 2019.
Reasons I believe this is:
Stock has a history of filling all gaps in the chart. Gap at 4.50 currently needs to be...
CNAT started to move today. We picked it earlier as flag formation, but did not workout as flag, but it seems ready now. Moving averages giving it support & Moneyflow also holding strong. Seems very good long potential.
* Trade Criteria *
Date first found- February 9, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $5.14
CNAT -0.57% looks like a very good flag setup. It has very good upside potential, If it breaks higher.
Entry Target Criteria- (Aggressively) break of $5.63
Exit Target Criteria- $6.93 or higher
Stop Loss Criteria- $4.97
You can check detailed analysis on CNAT -0.57% in the trading room/ Executive summary link here-...
Was very nice move today, vol increased dramatically,
Shorts and sellers seems to be less aggressive,
BUT, yet couldn't break resistance @ 4.50 even with that vol.
Closed right below resistance.
Bulls should bring a lot of buying pressure @ the opening bell to break it.
If they couldn't make it done IMO the move will not last.
Next resistance @ 4.70 , to far...