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.