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
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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...
see new ideas below first-aaroon crossed-percent r upper range
started long position @ 7.77 will add if 6.85 touched.
Alright so CRBP went up 22.6 percent Friday because they were mentioned in an article for why their stock has done much better compared to other biotechnology stocks. It seems to be volatile recently and I'm expecting a big drop on Monday (probably after market open) because of sellers cashing out their positions from Friday plus the stock is obviously overvalued....
Alright everyone I found something interesting for CRBP. Seems like it is in the process of developing and head and shoulders pattern over the past month or so. Based on what I'm seeing today, it seems to keep developing the pattern. Not sure if it will complete the pattern but keep your eyes on it. If it is H and S pattern, then support for a breakdown would be...
diversify micro cap longs with selected shorts-enter only on strong short term candle-5 percent-trailing stop loss close below 8 ema
Clear bullish signs for CRBP I'm waiting for a dip buy @$9 and a 'easy' run to $10
Phase 2 data Q4 (expecting Novemberish) - last inside buying @ 5.12 for $150K
enter only on strong short candle-strong group-dynamic stop loss close below 8 ema-diversify-chat room web site labor day use limits