CRSP, REVERSAL COMING?Hello fellow traders and investors, here's another trade idea.
CRSP has recently pulled back to the support area, if CRSP makes a full recovery it offers a 90% ROI.
Technicals:
The Macd indicates that CRSP is oversold
The Macd indicates that CRSP is in a downtrend
The Ema's indicate that CRSP is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling at the previous high which offers a 90% ROI.
I anticipate CRSP to consolidate in its support zone and when the Macd and EMA's indicate a reversal then consider buying some shares if it meets your criteria.
NOTE: I personally don't like to buy therapeutics companies stock because of the volatility some of the stocks tend to experience.
I hope you enjoyed this quick analysis and many more to come.
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