CBIO seems forming a very nice fallen angel formation. It has history of sharp breakout, and at this time it seems getting ready for another breakout. We are looking for a quick day trade if it breaks above $4.70
* Trade Criteria * Date First Found- June 29, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $4.70 Exit Target Criteria- $4.94 Stop Loss Criteria- $4.60
Please check back for Trade updates. (Note: Trade update is little delayed here.)