CARA
CARA - Key Support breakdown short with weak fundamentalCARA had a very bad report on one of their drug & for that it is down big time after the market hours & came down to key support label. Now if it bounce back from here $21-22 area would a very good shorting point or break below the support. Hopefully it will be a exciting trade opportunity.
* Trade Criteria *
Date First Found- June 29, 2017
Pattern/Why- Key Support breakdown short with weak fundamental condition
Entry Target Criteria- Pull back to $20.90 area or Break of support around $17
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CARA UPWARDS CHANNEL POWER PLAYUnless something crazy happens, CARA is poised to move into the 8$ range over the coming weeks.The pullback point is almost perfectly aligned with the long term Fibonacci pivot at 6.30 interestingly enough. Our profit target should be in the area of 6.70-6.90 or a 6-10% gain respectively, expect this to play out over the next few days.
NASDAQ:CARA