Cutera...im really not sure
On one hand they have had some good success as a company (AviClear? time will tell)
On the other hand spats with ex-CEO's are never good.
BUT I only care about sentiment so I will let the charts talk from here..
PSA- they are a small cap medical company..buckle up because they tend to be wild rides
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
$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
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!
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...
