Long
CEMI Tripple bottom
CEMI testing the tripple bottom arround the $3.55 mark. Bullish pattern indicater , Needs to break past the 3 resistance points marked on the chart , 3.80 being the first. If the 3.55 fails we could drop down to the $3.30 support line.
Anything under 3.70 looks like a good entry point to me. Looking at the fundamentals the company is undervalued and currently oversold .
Potential catalyst would be getting the emergancy FDA approval back, this could see it move to $8+ rapidy.
Anything under 3.70 looks like a good entry point to me. Looking at the fundamentals the company is undervalued and currently oversold .
Potential catalyst would be getting the emergancy FDA approval back, this could see it move to $8+ rapidy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.