I found this stock interesting for in-day trading on Monday, Jan 24, if we will go green in SPX, it might go up to $4.00 at least. Also there is a big support right where the price seating now.
buy: $3.5-3.7
sell: 4.0-4.5
Cardiff Oncology Inc is a clinical-stage, biotechnology company, developing treatment options for cancer patients in indications with the greatest medical need, including KRAS-mutated metastatic colorectal cancer, pancreatic cancer, metastatic castrate-resistant prostate cancer and leukemias.
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CRDF is at a double support currently. Could be a really good buy in point here. Don't be afraid to buy in small portions. 1st target is $15 to see if we get past that natural resistance.
Options could be a possible way to go as well.
Also, don't forget Cardiff is speaking at a virtual presentation on February 17th.
NASDAQ:CRDF
Possible Scenario: LONG
Evidence: Price Action, Reversal Candlestick, Unusual option activities for Feb 19 at 20$
TP1: 15$, TP2: 19$
Mental Stop loss: 10.80$, risk reward ratio is 5 to 1
This is my idea and could be wrong 100%.
Cardiff Oncology Inc (NASDAQ:CRDF) Possible double bottom pattern. I think this stock has found support around the $10.3-$11 range and looks poised to post a bounce from here. I could see a 20-30% possible bounce up to $16 a share if it can close above $12.50
Not convinced on bull or bear side. Totally neutral right now. I need more confirmation but here is what I see.
We had some decent buying by bulls @ $10.20 which is a critical support level . Bad news for bulls there wasn't any decent buying after that.
In my opinion price will break down towards $6.20 -$5.50 range, but If we do show signs of buying pressure,...
I like the repeat of this pattern from October. History of structure; RSI checked down/bounced on the bottom of the bull zone; similar break of counter trendline; reclaimed 8 & 21 EMA. I have a position.
