The same idea....look my other posts
While I remain long-term bullish on CPRX, the current price level seems elevated, and there are signs suggesting a pullback is imminent. The RSI indicates that the stock has been overbought, and we may see a correction soon. I'm closely watching the Fibonacci retracement at 0.618, which has proven to be a strong resistance level over the past 9 months. This area around $18.50 could offer solid support, and I plan to start buying when we reach that level.
However, it's important to note the gap in the chart. As we know, gaps tend to get filled eventually, so I wouldn't be surprised if the price dips further before finding a stronger base. Despite this short-term outlook, I'm confident we're in a favorable position overall, and my long-term forecast for CPRX remains bullish.
However, it's important to note the gap in the chart. As we know, gaps tend to get filled eventually, so I wouldn't be surprised if the price dips further before finding a stronger base. Despite this short-term outlook, I'm confident we're in a favorable position overall, and my long-term forecast for CPRX remains bullish.
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