Brotank77

Break out

Long
NASDAQ:CBAY   None
CBAY looks like it is bound for a break out. It has formed a wedge pattern and has tested the resistance line 6 times since August. The target price is $14.50 while the present price is $9.90. This offers a potential 46% reward. Now as it has just reached a resistance line, a break above this line will be considered bullish and hopefully drive this stock up.
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