A pattern I've noticed a lot is a small break of the wedge into an immediate sell off but the structure of the wedge remains. Can get some really good RRs when: 1) This sell off goes very close to the low of the wedge 2) Wicks the low of the wedge, trades up and finds support above the low and very quickly goes to breakout again. Much better probability of...
The uptrend must be respected , we can use it as stop loss
The uptrend must be respected , we can use it as stop loss
Liking this setup going into AACR cancer conference April 8 where they have 5 posters to present
CNTX is a recent IPO that has seen some decent movement and appears to have hit a bottom. MACD is about to cross to the upside and the RSI is coming out of an almost overseold. Typically when these two line up you get a move to the upside. Time will tell...
Possible bottom for $CNTX... Dilution could say otherwise. Looking for it to return to about $5.30 (price point of point of most volume since IPO).
I'm not much of a Financial Analyst Trader; nevertheless, on certain types of trades / investments I may peak to determine feasibility for longer term outlooks. I like the fact there is enough in Assets to cover the entire companies expenses. In addition, it's nice to see a company who isn't in the infant stages with current trials in progress; therefore, shows...