Long
CRMD Bull
CRMD saw a massive gain yesterday.
Over the course of the day we can see that the MACD historam tightens with the stock price into a triangle - suggesting a probably trend continuation (though reversal is also possible).
A major break through this formation on substantial volume will indicate whether CRMD could potentially see a second big day, or if it will give up some of its recent gains.
Odds are in favor of other investors piling on, and the formation is more likely a continuation one than a reversal. However, the risk reward doesn't support jumping into a position prior to confirmation of its next trend.
Major historical support/resistance lines are in purple - notice the channel between two of them in which CRMD is currently stuck ping-ponging back and forth. Again - the direction and strength of the break will be critical.
Over the course of the day we can see that the MACD historam tightens with the stock price into a triangle - suggesting a probably trend continuation (though reversal is also possible).
A major break through this formation on substantial volume will indicate whether CRMD could potentially see a second big day, or if it will give up some of its recent gains.
Odds are in favor of other investors piling on, and the formation is more likely a continuation one than a reversal. However, the risk reward doesn't support jumping into a position prior to confirmation of its next trend.
Major historical support/resistance lines are in purple - notice the channel between two of them in which CRMD is currently stuck ping-ponging back and forth. Again - the direction and strength of the break will be critical.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.