Long

CymaBay Therapeutics $CBAY - investment idea ๐Ÿ’ก

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โŒ - The volume is low on daily but increasing on 4h
โœ… - We got double bottom on daily
โœ… - We got Bullish engulfing action few days back on the lower channel at $5.64
โœ… - MACD
โœ… - STOCH
โœ… - DeMarker
โŒ - MA50 (13% under 50MA)
โœ… - MA200 (6% above 200MA)
โŒ - Pivots: (7% under the pivot point)
โœ… - Ratings (7) buy

โฐ - Breakout 1: $6, Breakout 2: $6.40
๐Ÿš€ - Potential targets (๐Ÿš€+45%, ๐Ÿš€๐Ÿš€+81%, ๐Ÿš€๐Ÿš€๐Ÿš€+107%)
๐Ÿช‚ - If things goes wrong better to exit under 5.62
๐Ÿšฆ - Next entries in case if dropped: $5.12, $4.20

โš ๏ธ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
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Is CBAY A Good Stock To Buy Now?
finance.yahoo.com/news/cbay-good-stock-buy-now-030744478.html

CymaBay Therapeutics Is In A Good Position To Deliver On Growth Plans
finance.yahoo.com/news/cymabay-therapeutics-nasdaq-cbay-good-042507833.html

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