CBIO- I want to see how this stock moves tomorrow; I believe it has the ability to spike again. The Aroon Oscillator just crossed zero and the RSI is matching that movement. It is moderately overbought with the RSI at 70 yet it hasn't crossed the 80s threshold. It has a history of small secondary spikes before the decline starts, as well as a history of not holding these spikes. If I trade this tomorrow it would be a day trade. I wouldn't trust this to be up three days in a row. This stock easily has an upside of 28 cents a share with the SMA 200 at $1.31 acting as resistance. As for the downside that is more complicated. Support lies at the top of the Bollinger Bands around $0.93 again at the SMA 50 at $0.80, and then the Exponential MA at $0.70 from there it could drop to the bottom of the Bollinger Band around $0.50. Risk due to all this support is minimal. If CBIO finds support at the Bollinger Band top, which it opened at today, or the SMA 50, which it bounced off of, the downside is around 20 cents. This gives a potential profit, as of the current price of $1.03, of 28 cents a share and a possible loss of 20 cents, though it would be best to exit long before then, especially if the trading starts holding below the top of the Bollinger Band. With a max risk/reward ratio of 71% or around 2 to 3, this seems a decent buy as long as you are vigilant. Now all this data is based off a chart using daily candles so shorter time span analysis should be used as well since this is a possible day trade. Oh well, halfway through this paragraph, around here the price moved to 1.05 after hours and so all future calculations will take this into account. On a 1 hour chart, the resistance is at $1.12 and the Estimated MA support is at $0.86. These values give an upside of 9 cents a share and a downside of 17 cents a share or a risk/reward ratio of 1.89% making the risk decently larger than the reward. on a 30 and 60 min chart, the Aroon Osc. has flatlined and the RSI declined to make the intraday chart post spike suspicious, though there is an uptrend as of the second half of 12/15/2016 on lower volume yet still high relative to this stock's average. On a 15 min scale, the Aroon Osc. is declining though it is still positive and the RSI is declining as well. On the brighter side the Aroon Osc. reached a peak large enough to cancel the pre-spike lows indicating a bullish trend forming and the RSI, though declining, is approaching a healthy 60. On the 15 min scale, there is a risk/reward ratio of 1 with a 4 cent upside and a 4 cent downside. Placing emphasis on the daily and 15 min time scales, this stock seems securely bullish for tomorrow at least... I think? maybe? All this analysis is making my head spin. Dang. Anyway, I'm going to watch this in the morning and possibly buy if it shows a secure uptrend. 

 

TLDR: this stock seems bullish for tomorrow and I might buy it if it shows an uptrend early in the day, selling before the market close.