Buying only 2600 shares does not inspire a lot of conviction. However, what is impressive is the very high current ratio and the latest price target way up at $30. The chart is shaping up as well and today's volume will be above average.
#1. the 50 DY MA is not yet crossing the 200 DY. #2. low volume, especially lower than yesterday while trying to attack resistance levels is not bullish. I like the CARA and am long but don't post bs.
It's called the cup with handle breakout chart. Quite clear. The pivot point was 4.82 where it technically broke out. Unfortunately it closed below 4.82, so now it's technically a failed breakout. I mean it could continue tomorrow and become a real breakout especially if the volume stays relatively high. But generally failed breakouts are just that. The stock fails...for a while. There are high expectations for this stock so I'm wondering where the support is. Always games in these low float issues as they are easily manipulated.
I'd say they are pretty happy about now. Same pattern with this one. Closes near the low of a breakout then trends lower for days or weeks. A close above 4.82 today may change this poor trading pattern.
Yep, nobody cares about the earnings report, just the trade. And when it looks like it won't work out, a rush to the exits. Market has changed big time.
There is that correlation, see it all the time. No intelligent conversation ever. Smart researched traders/investors don't buy junk and then spend all day trashing other posters on message boards. Why I was leery jumping on this one and why shorts are right so far on this. The only room for pause are a few recent insider purchases but so small not to be significant, imo. Hope I'm wrong... GLTA
How do you know business is cranking. As I said before, a company that supposedly has a 95% success rate in treating multiple cancers doesn't trade at 1.60 and a market cap of 55 million. Something is amiss and I suspect we will find out soon.
Right, too bad you can't read a chart, would have saved you a big loss from way back when it was above $3 but you were too busy bashing people that tried to point that out.
What do you need then exactly? You dummies that come on this board for the purpose of bashing or disparaging a poster don't realize how pathetic and stupid you sound. You are like every other immature amateur that feels empowered behind your screen thinking you are someone special. It's people like you that should "get lost" and then these message boards can become more productive to the investment itself and not an arena for insecure people like you.
No it isn't. I own this, but a cancer bio that claims 95% success rate in fighting multiple cancers doesn't trade @ $1.70 and a 95 million market cap. So, either something not right with this company or the most undiscovered neglected biotech available. I don't know the answer but ready for either one.
Yes, very slow. This can trade 5 million shares and inch up 5 cents or so. Too slow.
Hard to figure why this stock doesn't trade higher. It has a history of reversals on any rally. Today there was a ton of supply at $1.70 and it was not taken out. Tomorrow is another day. Let's see 5 million shares traded and over $1.75 and ISR may be on the way.
You need to go to chart reading school. When a stock trades back to back huge volume days and trades down or just churns like yesterday, that is not a good sign for the stock to go much higher contrary to your analysis. Short term that is. Who knows the future. Take a look at the balance sheet. Doesn't get much uglier. As for the best obesity drug, try OREX. Now that's a good chart and a real breakout.