Delcath Systems (DCTH) has pulled back to a key long-term support trendline after a sharp correction, presenting an exciting opportunity for a powerful rebound. The stock has respected this rising support for over a year, and buyers have historically stepped in at this level.
With the analyst price target set much higher at $24.29, risk/reward here is highly attractive. A confirmed bounce could ignite strong momentum toward previous highs and beyond. I’m watching closely for bullish price action and increased volume to signal entry. Stop placement should be just below the trendline to manage risk.
Not financial advice—always use proper risk management and do your own research!
With the analyst price target set much higher at $24.29, risk/reward here is highly attractive. A confirmed bounce could ignite strong momentum toward previous highs and beyond. I’m watching closely for bullish price action and increased volume to signal entry. Stop placement should be just below the trendline to manage risk.
Not financial advice—always use proper risk management and do your own research!
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.
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.