CPRX would of been the easiest stock to trade since 2013. 2013: Gaped Down to around 0.50 and consolidated for awhile between 0.37-0.60 creating a strong support level. Half way through 2013 it broke out of consolidation and rallied for 2 years over 840% to 5.80.
2015: After it made this huge run It crashed all the way back down to its last major support zone around 0.50 which would of been a great short trade to play if you held the entire year.
2016: Soon after
CPRX hit 0.50 it started trending back up again and ran for 3 years all the way back to its last major resistance level around 5.30-5.80 which would of been another 840% gain.
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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.