CYCC was in our watch list from ages back, and it started to make a move now. Ideal opportunity would be getting into it a few days back. Now we would be watching for a perfect entry opportunity.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Resistance breakout long
Entry Criteria- Looking for entry
Exit Criteria- N/A
Stop Loss Criteria-...
Close above the 50 day EMA could be the beginning of the gap fill. Targeting $2.27 first with resistance on the way @ $2.01 and $2.13. Looking for the gap fill @ $2.94 on the break of $2.27. Tight stop below $1.80 and a looser stop below $1.70. Watch List @ TraderPix.com
CCYC has been accumulating for a month and have started to make higher lows. PR this month and conference has helped with visibility. This week pop helpful to put it back on radar. Low risk/Great Rewards to fill gap
RSI / MACD is not overbought and has turn positive zone. Small pop at 2.13 which hit 50dma 1.97. I think this will start to accumulate as long as...
CYCC seems a wonderful flag formation. It has very good upside potential as it is reversing from longterm support & showing strong upward momentum.
Entry Target Criteria- Break of $5.33
Exit Target Criteria- $6.83 & higher
Stop Loss Criteria- $4.67 or $4.83 (Aggressive Stoploss)
You can check detailed analysis on CYCC in the trading room/...