CBIO - Fallen angel formation Day trade from $4.70 to $4.94

CBIO seems forming a very nice fallen angel formation. It has history of sharp breakout, and at this time it seems getting ready for another breakout. We are looking for a quick day trade if it breaks above $4.70

* Trade Criteria *
Date First Found- June 29, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $4.70
Exit Target Criteria- $4.94
Stop Loss Criteria- $4.60

Please check back for Trade updates. (Note: Trade update is little delayed here.)