Clearside Biomedical IncOn the above Weekly chart price action has corrected almost 90% since August 2021. A number of reasons now exist to be bullish , including:
1) A strong buy signal prints (not shown).
2) Regular bullish divergence .
3) Price action confirms support on past resistance.
4) Falling wedge breakout + backtest.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <=95 cents
