a break of 5.75 could lead us to 4.40 but i don't think it will
A major pull back from the last candle on the 1W chart. If the price wants to keep rising, it must pass a least 3 resistance levels. As we can see on the 1D chart, the price dropped after touching the first resistance level and looks like an opportunity to go short. Stoch RSI also shows like the price will fall.
Trade based on Elliot waves. Recommneded levarage 5x
Trade opportunity. Wait for a pullback to enter. Stop loss and profit level as shown
There is no reason why this can't spike to $10 at some point in the opening. I plan on buying at the open for the ride up and then short this back down. I love when you can play both sides of a day trade.
$CRBP BIO STOCK >200 MA Break @ 7.08 > Median Analyst Target 26+ Chart is setting up with the 200 MA break for a early set up to the Golden Cross, as the 50 MA is edging up. The stock will Blue Sky with a 11 break. Most Analysts have a target over 26 +. Fundamental Catalysts With Data coming and potential approvals could be " the excuse" to what the chart is...
Buy: $7.67 PT1: 8.20 (gap) PT2: 8.95(gap) SL: 7.40 RSI 79(D) 7% until gap, 7.75 lots of buyers from 08/31
Watching for either a bounce off past 10 day SMA or a breakdown to decide either short or long. RSI is about the same level as the previous bounce. Has bad news on its cystic fibrosis results and an investigation invloving possible fraud... looks more like a short, but could still go either way. Happy Trading! NASDAQ:CRBP
CRBP is in the middle of a corrective phase. If it fails breaking the top of this triangular formation it can be a good risk/reward trade to the downside.
Hit resistance and bounced. Great chance to get in...
started long position @ 7.77 will add if 6.85 touched.