Bullish Gartley
About CFMS
Conformis, Inc. (NASDAQ: CFMS), is a medical device/ technology company that uses its proprietary iFit 'Image-to-Implant' technology platform to develop, manufacture and sell patient specific joint replacement implants that are designed to fit each patient's unique anatomy.
Technicals
Conclusion:
CFMS has sufficient funds, great management and recently received some 510 certifications while broader markets were selling off. Looking to re-claim those prior gains. Will revisit the trade at or around time of the gap filling.
Like and follow so I can continue finding awesome charts and trades. Thank you in advance d+)
Twitter + Instagram VolatilityWatch
Disclosure: I am long CFMS. This is not a note to buy or sell, please do your homework before investing.
Conformis, Inc. (NASDAQ: CFMS), is a medical device/ technology company that uses its proprietary iFit 'Image-to-Implant' technology platform to develop, manufacture and sell patient specific joint replacement implants that are designed to fit each patient's unique anatomy.
Technicals
- Bullish Gartley pattern (786 retracement)
- Fibonacci confluence at the 1.272 extension
- 382 continuation pattern (Keeps bouncing off and making higher lows-- if it continues it could be used to further add)
- In-line with Fibonacci time-cycles
- RSI pushing higher on Daily and Weekly
- Potential gap up to fill up to the $2.75 level.
Conclusion:
CFMS has sufficient funds, great management and recently received some 510 certifications while broader markets were selling off. Looking to re-claim those prior gains. Will revisit the trade at or around time of the gap filling.
Like and follow so I can continue finding awesome charts and trades. Thank you in advance d+)
Twitter + Instagram VolatilityWatch
Disclosure: I am long CFMS. This is not a note to buy or sell, please do your homework before investing.
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