Buy CKPT 26/10/2021You can buy CKPT target 3.56 stop loss 3.03
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
CKPT trade ideas
CKPT making bullish movesCKPT has been in an upward trend since March last year and has recently broken out of a long negative trend, completing a cup pattern on the daily chart. I would expect it to perform a handle over the next few sessions to confirm the pattern, then continue its upward trajectory.
The daily RSI is a bit too high for my liking, but it should come down to more acceptable levels while the handle is formed.
The MACD is in positive territory and showing a nice uptrend movement both on the daily and weekly charts.
The EMAs are showing strong bullish momentum.
Volume has been rising steadily over the past few weeks
As every penny stock, CKPT carries its risks but it has good fundamentals, which I personally find encouraging. Analysts give it a TP of 17.67, so even for medium this stock should be performing very well.
$CKPT Checkpoint $3.50 target Checkpoint Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the acquisition, development, and commercialization of novel treatments for patients with solid tumor cancers. Its product portfolio include CK-301, CK-101, CK-103, and CK-302. The company was founded on November 10, 2014 and is headquartered in New York, NY.
CKPT: Ascending Triangle, ConfirmedAscending Triangle, confirmed
Pros:
R/R ratio high, above 6
Descending volume during formation
Volume spike at break out
PPS above 50Ma and 200MA
250RSI above 50
ATR ascending, more volatiliy
RS above 0 and ascending
200MA ascending
Price Target:
PT = 4.00$
No resistance above
Breakout of falling wedge
1) Breakout of falling wedge
2) Cloud turned bullish
3) EMA crossover on daily and weekly
4) High bullish volume
CKPT - BREAKOUT - UPDATECKPT is breaking out on heavy volume.
Primary Wave 1 Extension
Daily:
Levels:
Target:
CKPT - Flag formation long from $4 to $4.83CKPT is purely a technical setup. It seems formed a beautiful Flag formation. It has beautiful money flow divergence. We think it will continue upward from here.
