CSBR Trade Setup: Entry, Targets, and Stop Loss Explained!
Stop Loss (SL): $8.84 (white line, key support level).
Entry: Around $9.52 (yellow line, breakout area).
Target 1 (T1): $10.26 (red line, conservative target).
Target 2 (T2): $11.40 (green line, aggressive target).
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CSBR trade ideas
CSBRChampions Oncology Inc. (CSBR) develops novel technologies for oncology diagnosis and treatment. It topped out at $23.88 in 2013 and entered a decline that posted an all-time low at $1.11 in August 2016. A basing pattern into November got bought, lifting the stock into a recovery wave that broke out above the 200-day EMA in January 2017. It topped out and rolled over at the start of February, with the decline now positioned a few cents above moving average support. Look for committed buyers to take a stand here, ahead of a bounce that could new 2017 highs.