$CBIO announced positive news about a contract with Pfizer at the market close on Dec 14th, which made the stock price to rise A/M. It eventually faded, but it held a good portion of its gains. Dec 15 P/M price action of the stock was uptrending decently and it was testing tech. resistance at 1.15-1.16 level(10/14 - 10/18). Passing by this level would have meant a B/O and a potential test of the previous day high of 1.27 (where the stock hesitated for a moment, but held its gain and continued spiking). There was a multi-month resistance at 1.40(Mid September), so this was my goal from the very beginning. I got out near the top for a 10% gain on my money.
Posted Dec 15, 16 10:10 AMbyrumen_chaparov1
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CBIO

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