Perspective Therapeutics Inc (CATX)

[ospreyeye]

$ISR Chart - Bouncing off middle Bollinger Band @ 1.75 support today - the GAP to high of day on the 19th has not filled - close, but still a space on the chart - keep an EYE on it -

EMA 8 @ 1.97 & EMA 4 @ 2.09 are the Key levels to close above & turn into support - Fast Sto @ 23.81 is riding just above the 20 oversold level - RSI 55.05 & still in the 50 to 70 bull zone - MACD hooked & is starting to level -

Yesterday BEARISH ENGULFING reversal pattern formed & according to the rules of confirmation the pattern was confirmed today -

Sell/Stop Loss Levels

The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2201

Definition

This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal.

Recognition Criteria

1. The market is characterized by a prevailing uptrend.
2. A white body is formed observed on the first day.
3. The black body that is formed on the second day completely engulfs the white body of the preceding day.