Charting technicals requires some sort of volume trading range that can be predicted. Since CPRX is a low volume stock until news/manipulation occurs there is no correlation in charting that can be relied on. The only technical analysis that will work with CPRX is to follow volume/momentum trades when they occur. Jump on the train and jump off, taking part of the move that the funds create. You can't 'game' it and you can't predict it based on previous chart moves because the volume is the only real indicator and you can't predict volume spikes.
actually...no. and I was being sarcastic. I've been trading stocks since the '80s. As far as CPRX is concerned I have made a lot of money just following the volume spike trends. Whichever way the funds push it I take the same side. I've posted here a few times before over the last few years, you can check. Price targets mean nothing if there aren't any profits on the books.
I don't get it. I started trading CPRX 2 years ago and at that time YHOO had a 1 year estimate of 6.80 on the stock. It never even approached it and yet they increased the target estimate a year ago to 7.60. I thought all I had to do was see what the 'experts' thought the price target was and gamble based on that?! They MUST be right, right???