Cordlife 1 March 2016

Was screening through stocks and saw this.

Stochastic: Higher Low signals (Crossover in oversold region, Red ascending line)
MACD: Possibility of signals coming closer together (Possible crossover?)

Stock prices: Lower Low (Highlighted by Red descending line)

My opinion: Bullish Divergence setup

Fibonacci: Rebounded around 61.8%. Breakout of 50% and above will be ideal.

Other factors to note: Trading volume is generally low in February. 20 dma looking to cross down 50dma.

Possible resistance: $1.52
Target: $1.51
Upside: 5.96% – 7.85%
Stop Loss: $1.37
Time Frame: 2 weeks – 1 month


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