CUTR has broken out of a small downward channel and is now above the middle of a larger ascending channel
I have plotted two scenarios with the curve lines showing a lower retest scenario, and one disregarding a retest
The formation in green and red is an Ascending Broadening Wedge
Weekly timeframe
$CUTR #powerplay #HTF outside of Oil
What bear market?
Putting in a clean supply line. Watch to see if this continue to hold in the face of a weak market this week.
This had a power of 3 breakout yesterday, 9/2 it's following up so far this morning. You can see my entry and stop. Target is blue line although I'm hopeful (not a trading strategy) that it will move past that resistance. Ideas, not investing / trading advice.
$CUTR I took this trade based on several technical factors. 1. just coming out of a 3 weeks tight pattern. 2. New 52 week high today. 3. I like the "cosmetic" idea behind this stock and it might be a post COVID play. I'm simply looking for this to re-touch the All Time High (ATH) identified on the chart. Where, if it reaches that area I'll take 1/2 the trade off...
Cutera Reverses Aging, Unveils Powerful Technology
today announced the launch of its new powerful Fraxis PRO progressive dermal remodeling technology.
finance.yahoo.com
Contextual immersion trading strategy idea.
Cutera is a medical device company, which designs, develops, manufactures, markets, and services laser and other energy-based aesthetics systems.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short...
Hi again! Going long CUTR at 37.35. Target will be 39.53. It may pull back to 36.70-36.90 first, so you can wait and hope for a better entry. Please apply your own strategy! I feel the best we can do for each other is point out good setups! Maybe I can help you save some time! I like this one!
$CUTR has completed a very nice looking C&H pattern on the weekly chart
After the earnings results it has broken and closed multiple weeks above the resistance line at 32.70
MACD and RSI are somewhat extended , but keep in mind is a weekly chart so there is still some room to run
Measured target is at 53.08
Good luck,
TA
Bullish trend
Positive MA div
Constructively working with price
MFI, Stoch and MACD all looking well
Targets in green -
If it breaks 31.25 looking for move to ~35
I think it will take much more time to get this company turned around and not a fan of the board changes. They already pre announced the quarter which is why the stock moved for the past month. Could be a potential short just not enough intel.
When is a good time to short?
Stochastic RSI gave a sell signal on 29DEC17
Stochastics Momentum Index gave a sell signal on 3JAN18
Volume-price trends looks like it may give its sell signal tomorrow, 5JAN18
I think that tomorrow would be a good time to short
The least amount of risk
Since in the recent past the price candles seem to overlap, I'm going to short...
Cutera, Inc. engages in the provision of laser and energy-based aesthetic systems for practitioners. It operates through the following segments: United States, Japan, Asia excluding Japan, Europe, and Rest of the World. Its products include enlighten, excel HR, excel V+, secret Pro, Juliet, secret RF, and xeo. The company was founded by David A. Gollnick in August 1998 and is headquartered in Brisbane, CA.
NASDAQ
