The stock held up well in a weak market environment on Friday. Cyclacel Pharmaceuticals Inc (NASDAQ: CYCC) broke resistance, but it was during the first 15 minutes of the day, which is not a good time to trade. The stock ended the day at the previous day's closing price of 7.11, and registered an intraday range of 6.97 and 7.75. A close abv 7.60 is important to...
Cyclacel Pharmaceuticals Announces at-the-market $7 Million Strategic Investment by Fundamental Investor Acorn Bioventures
Cyclacel Pharmaceuticals has entered into a definitive securities purchase agreement with Acorn Bioventures, LP, a biotech-focused fundamental investor.
- Strategic investment from single biotech-focused institutional investor -
- Enables...
Numerous things interest my curiosity on CYCC. First. 50ma just crossed 100 ma on the 30 min. In past this has been followed by a spike. Volatility is lowest it have been as far back I as could go, this thing wants to explode. Up or down I don't know. This thing seems to have found a bottom, I mean its coming off an offering and R/S so no wonder its bottoming. Buy...
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...
