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CRMD

CRMD. It’s finally happening. Been a bull I this medical device company since 2017. One of the most BULLISH setups I’ve found. Monthly chart has double bottomed on bullish divergence and we are completing an inverse head and shoulders pattern which is now at the neckline. Monthly RSI is about to break out which I can confirm by looking at the volume as well as the PPO, which is moving apart in an upward direction. Initial target is 45 and I believe might hit sometime in March if we can breakout and hold the a monthly close. Longer term I’m looking for 200+. Tl;dr Yo, dis about to moon.
NASDAQ:CRMDLong
by Jigstack
6
CRMD BullCRMD 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.
CLong
by tapkcir