Replies to post #2954 on Celsion Corporation (CLSN)

[No-dough-go]

Purely as a chart play, there are several things not to like and TO like about that chart.

NOT TO LIKE
RSI approaching overbought territory at 77.06.
The gaps at $3.56 and $4.45.
Last candle is above every short-term EMA/SMA that chartists use.
Last candle at upper Bollinger Band (not on this chart)

TO LIKE
Strong CMF
Increased Volume
Moving farther and farther away from the 200 MA confirms the breakout pattern and OBVIOUS change in investor sentiment.

For my taste some of these things are only important because they can help one evaluate whether a profit taking pullback is occurring, coming or if the uptrend is over. One must expect proft-taking along the way but there is NOTHING that I see that indicates the uptrend is close to being over. There is a tendency for one to exit too soon on strong positive moves which is why I'm not considering this purely a chart play. When stocks make big moves, more money is lost trading in and out of it than just holding it PERHAPS UNLESS one is a lot better at it than I am.