Huge inverse HS playing out. The last 3 months price has been pushing against the resistance. Break out is coming, SL triggers when price drops below the minimum of the current monthly candle and a daily candles closes at that level. Use limit orders to TP and take profits on the way up.
Cabaletta Bio is an early stage biotech. Keep an eye on breakout of pattern.
Stock could have huge upside potential due to novel approach of using
CAR-T Cell technology for Auto-Immune disease where as most have used it just for
cancer drugs
CABA stock was traded on a heavy volume few days ago and is continue to consolidate at $1.80 level forming flag pattern
any breakout of the flag pattern on a decent volume could lead to a new stock target price of $2.30. Great set up for swing opportunity NASDAQ:CABA
Cabaletta is developing innovative and highly specific engineered T cell therapies for patients with B cell-mediated autoimmune diseases, designed to provide deep, durable, and potentially curative responses. The proprietary Cabaletta Approach to selective B cell Ablation (CABA™) platform is focused on eliminating pathogenic B cells that express autoantibodies,...
This stock was down about 9% intraday today (hit 8.84) and was scooped up FAST in the first 5 minutes of the final hour on a Friday. That is VERY bullish price action.. also occurred just above the neckline.. Watch for a BIG move higher.
The market gives us clues.
In my opinion, there are very few clues better than an intraday drop that was scooped up entirely...
