Weekly Chart: Price Support Zone, where to addThe setup on the weekly chart looks quite good with price now reaching an area of supportive confluence. I anticipate price support is found on the trendline and fibs where high R-multiple long setups can be constructed. If we decline further I am watching $4.50 and $4.31 (0.618 fib) for a strong bounce. The news this week is immaterial to CPRX's valuation, just short term noise. Fundamentals control long term price movement. It is probable the week's candle is the swing low and the uptrend which is still very much intact ... resumes.
