Loading ...I Fancy This (Non-PM) Stock Chart to show a Major Inverted SHS pattern
But, I was told that I am wrong and that it doesn’t.
Any opinions on this Board ? I value your opinions. Thanks.
https://stockcharts.com/h-sc/ui?s=CRMD&p=M&b=5&g=0&id=p2953450534c&a=632444541&listNum=1
I see a broad left shoulder and a quick right shoulder with a horizontal neck line at about $0.75
Furthermore, there is high volume on the break above the 0.75 neck line. Note also the BT to neckline at about $0.75
Maybe try redrawing your SHS pattern on a daily chart.
Happy looking stock. Cheers.
Thanks for your comments, Silver Fox. I realize that it has to break out to actually BE a SHS but, if it does break out, I think it is a valid hypothesis, n’est ce pas? Danke!
Could be a very strongly slanted H and S Bottom as you have drawn it MM
But the bigger pattern looks more in control …looks like a potential H and S Top
Needs to go higher from here to negate that.
Good Luck
Thanks, Fully. Please see my comment above and yes it does have to break out first but, if it does, it may be a zinger.
Music Man…your stock is a wild one…
https://stockcharts.com/h-sc/ui?s=CRMD&p=M&b=5&g=0&id=p2953450534c&a=632444541&listNum=1
It reminds me of Syntex in 1962 when I was told that it had already run too much to buy (at around 12). I didn’t buy it and a year later it was 60.
Looks like a rising wedge to me on the weekly with a lot of neg div. Seems like a decent retracement is in order…possibly to build a halfway pattern here before heading to top of channel but you never know.
I would prob harvest some profits here…gl
https://www.tradingview.com/x/8hmCmN2e/
https://www.tradingview.com/x/mOseIDKY/
Thanks, Schism. Always glad to hear a divergent comment or how foolish I might be. One never knows, does one?
Schism, I see what you mean. Thanks again. One thing I should mention about this company is that it might be a disruptive medical breakthrough. Their product, if approved by the FDA (And what we know so far is positive), acts antibiotically on stents and kills bacteria without causing them to mutate.
try cci 50 with 8 & 21 ema crossover on hrly chart with 100 mov avg
Thanks, Highroller. Wow,interpreting that is above my pay grade but to me it appears to suggest optimism. Am I wrong?
https://www.tradingview.com/chart/d6fhUC1z/#
if link no work then comment on one of my last postings and I can email it to ya
Great. Thanks very much, Highroller!
https://www.tradingview.com/chart/d6fhUC1z/#
Couldn’t get it. Don’t worry, it ain’t no biggie ;0
Highroller, it didn’t work. I will be looking for your email.TA!
Are you day trading this MM or is this a long term position. I like to short term trade 1- 10 days typically and I use engulfing candles price action BB Fib Retrace and Stoch RSI all on standard settings 1hr 4 hr 1D & Weekly. Structure is good for Pivot Points IMO for short term trading ie SHS is simply a structure to me so to the point is mute of it being a real SHS or simply support resistance…..believe in your own judgement MM
May I suggest backing out to a monthly setting if you are longer term investor looking for a trend? The monthly looks less messy. But as you say disruptive technology is shall you say disruptive lol.
Thanks, Red Label. Pretty much holding LT. The ramifications of treating bacterial infections without causing mutations is a Very Serious situation in the world today and Big Pharma is doing less research on developing new antibiotics.Having tons of money won’t help if you can’t be cured because there are no working antibiotics.