short term correction towards $5 coming, load up at $5-5.25, wave count from about a month ago remains on the chart
So I left my wave pattern on my chart from last week, untouched, you can see we are hitting an interim resistance at our last .382 resistance zone, well technically on a weekly timeframe the body was rejected, though on an intraweek basis we formed a wick....until Friday hits the candle formation is not complete. it's around $5.27, we need a weekly close above...
Bullish over the coming weeks, need $5.30 weekly close or more, estimated weekly chart attached, bullish engulfing weekly close and technical divergence of oscillator points up, daily is somewhat overbought that's why I show a dip in wave A to an estimated .382/.618 intraday level of probably $4.00, before taking over over the coming weeks towards higher levels..
Dates in the future with the highest probability for price direction reversals
All description on the chart. Please, don't forget to like and follow. Thank you.
Long prediction. This is based on the MJ etf reversing it's downtrend, once that happens (which I think will be very soon) I plan to start trading this. $crbp
Sitting above weekly trendline support. Wait for trendline resistance breakout before going long.
At only $450mcap is Corbus Pharmaceuticals undervalued? 1) Corbus is different from other cannabis stocks as they are designing therapies around marijuana to treat fibrotic diseases. If these therapies work, some analysts put the value of their potential sales at $2bn a year. 2) At a small marketcap of $450m, Corbus could be a real untouched gem in the cannabis...
So Why did Corbus Pharmaceuticals drop by .63 (or 8.2%) today when it was a universal buy? Why on a day following a promising close (bullish engulfing)? Why at the close of a bullish week? You don’t know …. hmmm …. well neither do I. But this I can tell you; It is still a buy in my book. “The one year price forecast for CRBP stock indicates that the average...
Corbus Pharma has just crossed the 20 day MA and is now crossing the 50 day. It had plenty of momentum at today' close as can be seen by the bullish engulfing candle and the volume. The Macd is fully bullish without the gulf being so wide as to be unsustainable, and the RSI is below 60. All in all here looks to be plenty of room to move up; as much 10% to 12% ...
Ichimoku cloud resistance combined with Fib retracement of .618 has a short term swing trade target at $7.34, clearing this will lead us to $7.75 zone. We need to break above $8 for short term bear pressure releaf. We need a solid break and muliday closes above $9 to put our bull trend back in track and a continuation of our higher order trend in place towards the...