CTI BioPharma Corp (fka CTIC)

[zigzagman]

That's probably what will happen...A huge selloff on good news...

If you look at a multi-year daily chart, you'll see that CTIC has had a number of huge one day spikes up...But they are ALWAYS just that...ONE DAY moves, followed by a number of down days right after that take back more than half of the gains...



I can zoom in one a very small section on the chart above, and each of the three huge up days was followed by a huge selloff the next day...

That's why if this one gaps up and runs on Monday, I'll be locking in profits when my charts tell me to...Which will be not long after it's topped out for the day...Then I'll wait a few days or more to buy back more shares at a cheaper price...And that depends on how good tomorrow's news is about Pix...

Have a great weekend everyone, and good luck to all...Tomorrow is a huge day for Pixatrone, and let's all hope for a very merry Pixmas! ;^)

Here's the ten day hourly and the daily chart for CTIC...We FINALLY broke out the the resistance level of $1.14 this week on really high volume the past two sessions...The weekly chart looks VERY Bullish now, but my weekly chart won't update until later today...I'll post the weekly and monthly chart tomorrow while I'm listening to the conference calls...