CRMD Breakout Trade Setup: Entry, Targets & Risk Friday!Stop-Loss (SL): 9.55 📉
Entry: Above 10.80 📈
Target 1 (T1): 12.05 🎯
Target 2 (T2): 13.85 🚀
Conclusion:
A break above 10.80 suggests bullish momentum with targets at 12.05 and 13.85. Use 9.55 as SL to manage risk effectively.
💡 Follow your trading plan!
⚠️ Favorable risk-reward ratio.
📈 CRMD breakout potential!
CRMD trade ideas
CRMDCorMedix Inc., a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. It primarily focuses on the development of its lead product candidate DefenCath/Neutrolin, an anti-infective solution for the reduction and prevention of catheter-related infections and thrombosis in patients requiring central venous catheters in clinical settings, such as hemodialysis, total parenteral nutrition, and oncology. The company was formerly known as Picton Holding Company, Inc. and changed its name to CorMedix, Inc. in January 2007. CorMedix Inc. was incorporated in 2006 and is based in Berkeley Heights, New Jersey.
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.