CMRX daily 160% gains setup(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
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CMRX daily 160% gains setup(STOCKS)
Strong accumulation in progress.
Wait for dip/pullback and MKT BUY
from GAP FILL area (1.75USD).
TP1 bulls +125% gains
TP2 bulls +160% gains.
this is BUY/HOLD setup, DO NOT
expect miracle/overnight gains, this
is not leveraged trading on Bitmex...
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Cmrx
CHIMERIX INC. - NASDAQ: $CMRX Shaping-UpAfter breaking higher in early April on large volume, Chimerix Inc. (NASDAQ:CMRX) spent the next several weeks digesting/consolidating the move before breaking higher yet again last month (May) and in the process, recapturing its 200 DMA as evidenced in the Daily chart above.
With the stock presently trading above all of its important moving averages (20/50/200 DMA's), CMRX remains in a favorable technical posture.
Moving forward, should CMRX be capable of clearing the $3.80 hurdle, such development would likely trigger its next advance into higher ground.
Nevertheless, CMRX remains in decent shape from a technical lens and both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.