Cutera - CUTR - could we get a 10 bagger soon ? High risk - High reward oppertunity
2022 April Cutera hit 74.38 dollar
2 years and after a massive short bashing
2024 April Cutera hit 1.28 dollar and at the same time the RSI rose on the monthly
From 1.28 to 3.00 we now had a retrace down to 1.79 < 70% fib
Dermatology market projected forecast growth rate of 8.51% between 2023 and 2032.
Turn around with new CEO and focus on scaling + Jaryl "JERI" L Hilleman, and experienced gentleman has just join the board of directors.
So are we leveling out and trading inside a wedge with higher RSI - maybe a breakout can occur within weeks and get a retest of the monthly EMA 200/EMA 55 in the area of 20 dollar and make a 10 bagger.
Information:
AviClear uses a chemical-free, non-hormonal, non-invasive laser treatment targeting sebaceous glands on skin without the need for medication. After each treatment, (3 on average), skin produces less sebum oil, therefore, breakouts are less common, less intense, and heal faster. This device was FDA approved in March of 2022, and Cutera has been distributing machines to dermatology offices since. The process is very straightforward. Customers go to their local dermatologist and undergo a 30-minute session in which acne and acne scars are targeted in three separate treatments over a 9 month period. The Illinois Dermatology Institute reports that 87% of patients were satisfied after just one month of the first laser treatment
