The setup on the weekly chart looks quite good with price now reaching an area of supportive confluence. I anticipate price support is found on the trendline and fibs where high R-multiple long setups can be constructed. If we decline further I am watching $4.50 and $4.31 (0.618 fib) for a strong bounce. The news this week is immaterial to CPRX's valuation,...
With a confluence of strong fundamentals and technical setup CPRX should see $8.60 as a first medium term price target, a 50% price increase from closing price on 10/25/19. Long term CPRX has the potential to go materially higher than first price target based on fundamentals and sell-side consensus.
