CALT - Cup and HandleAn idea showing a clear Cup or rounded formation on CALT. Im just forecasting a handle situation due to the fact of the presence of this cup. Price is above a down channel which is good for this scenario. by Bixley2
CALT BUY/LONG NOW READY! 31.00 to 39.45 by Aug 2021TICKER CODE: CALT Company Name: CALLIDITAS THERAPEUTICS AB US Stocks Health Technology Pharmaceuticals: Major Position Proposed: BUY BUY ENTRY: NOW READY (31.00) 1st Partial Take Profit: 39.45 (July - August 2021) 2nd Partial Take Profit: 47.80 (End 2021) NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION Stop Loss: 27.15 Technical Analysis 1. Large Flagpole with Falling Wedge 2. Area of Confluence on EMA & structure level 3. Fibonacci Retracement at 0.786 4. 1st Partial Take Profit is at Fibonacci Extension Level 1 Grey Zone (Safe Zone) 1st Take Profit is also at the Flagpole Price Range 5. 2nd Partial Take Profit will be at level 2 of Fibonacci Expansion Blue Zone. - MAY NOT REACH Note that the market has already BREAK AND RETESTED. Longby traderprosignals2