CASI PHARAMACUETICALS Inc 3-5 days Swing TradeThink this may double back to 6.6 for an entry and go to 7 at least. Think 3-5 day Swing Trade.
Target 1 $7 will most likely exit here as this is in a downtrend
Target 2 7.33
CASI trade ideas
CASIToday, and this week will allow us to know in which direction this is heading (SHORT-TERM).
~Earnings Call 3/29/2018 ~
If the (A)ctual-EPS is disturbing we might get an interesting trend that could take a few months to recover to CURRENT price levels. Nobody wants to wait long periods of time for them to possibly break-even.
I do like the expansion in CHINA markets. That's a very bullish sign for me, and also for the overall direction of the company. It's a fairly small company with 26 FULL-TIME employees, which for a BIOTECHNOLOGY company that's quite small. But the execution they're achieving is great for such a team!
Executive Comp: Also on the lower side by at least 2/3 of average BIOTECH companies. Good sign the company isn't bloating EXEC COMP. :)
Now back to the meat & potatoes;
Short-term CASI isn't looking good because,
Short-Term Moving Average has been crossed towards the downside.
Long-Term MACD has officially also crossed from peak levels.
Short-Term MACD has barely reached 0.00 and could go towards negative levels.
The overall market is in a downturn which is effecting many companies in general.
The BIOTECH industry is currently down 3% last 5-Days & 8% last 14-Days.
If short-term performs well, I'm liking this over $4.15 EASY. Could reach some 52-Week HIGHS & if 2018 performs well Q1 & Q2, expect this to break that 52 week ATH of $4.84 like a High school boys Heart on Valentine's Day.
Watch what CASI does around 200EMA first. Will be easy money after we know the trend.
Take this with a grain of salt.
Happy Trading!
CASI ReboundWith news breaking in the AH, I'd expect a nice jump up on Monday and then a continuation up the channel.
CASI TIME TO SHORTCASI TIME TO SHORT. It is hitting the red resistance line. Once it hits back the green line we can go long.
CASI: ONE MORE TEST OF THE LOW BEFORE A POSSIBLE WAVE UP?CASI has broken the last upward move, so it's possible to see more downside, with a potential test on the previous low. Finished this retrace i'm expecting a strong wave up.
