CERS long - Great buying opportunity good luck to those that were able to snatch some shares cheap today.
CERS trade ideas
Going up? High probability it will break through resistance
Nice Hammer Candle near bottom
Risk is relatively low
Possible break in downtrend. Double bottom forming
downtrend line of efficiency is weakening
4:1 risk to reward
It looks Like it is time to buy CERS again... Resting on top of the triangle ready for the next push upward
Potential Short at $6Looking at fundamentals, I'd say the company is expecting a small growth in the next year, and the price has sort of been up trending in a wide channel since last year. The price restarted making lower lows in August so I'd take advantage of the short term down-trend and short at 6, with my profit target at 5.75.
CERS - It is also out of the downturn as compared to bioindexThe all around news is good for CERS- Expecting the first and only pathogen activation in the US to gain momentum and get back to some of its old glory days ... again potential buy out
CERS- Final it looks like we are breaking out of the trianglePositive news all around-significant short interest- and new money will be committed.... so it could run here if the earnings are good....
CERSDemand zone highlighted in yellow. Zika virus hype play. With a $4.80 stop loss the risk is controlled.
Entry: $5.10
Stop Loss: $4.80
Target 1: $6.50
Power Of Harmonic Patterns In The MarketPullback on cue back into support zone, a breach of $6 could signal more selling here
triple bottom breakout and wedge breakout. THis will move faster and faster. we will head into hype phase to make some serious money.
