As you can see we are sitting in the mid range of the support and resistance. You can clearly see a pattern in movement between spikes. We have 3 levels to enter here. We can either jump on the red line which is a pretty aggressive entry, or we can find a entry on the support level / red level, which is more safe but there is also a chance to miss the entry....
Golden cross complete possible resistance at mid channel
NICE SET UP . INVERSE H&S ABOUT TO BREAK OUT.
Very nice symmetry in this H&S pattern. I expect an explosive move
Inverted head and shoulder LONG position idea with Fibonacci extension target head as SL NASDAQ:CARA
An analysis for Cara a rectangle has formed currently sitting at middle point of rectangle. I would short this. Interesting price action I might do some more development on CARA
CARA Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics. Its portfolio includes opioid-based products, anesthetic-based drugs, and analgesics that targets to alleviate itch and pain. The company was founded by Derek T. Chalmers, Michael E. Lewis, and Frederique...
Cara Therapeutics, Inc. (CARA) highly impulsive ... i do not like stocks in a toppy market, but this being a biotech and technically speaking, i would place a stoploss or trailing stop as it approaches highs between 25 and 27, watchful for breakout to upside or downside... she looks like she wants 30+ before retracing potentially as deep as it has done in the past.
Light weight company with a strong cannabis product niche. Technical bullflag setup, needs macro bull trend to hold up, and then a company specific catalyst to breakout for new ATHs