$CLSN

11/22/2012

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$CLSN had a great run since 08/06 where it touched the $2.70 support line. It was a huge opportunity to start a position at $2.69, as the price bounced back to start a real & long run-up to reach the high of $6.09 on 09/25. But as every uptrend, it needs a technical correction, and we had it during October to mid November, reaching the Fibonacci 50% line & the strong weekly support line @ $4.37. Hovering around it for 11 trading days, with decreasing volume, showing an accumulation of the stock, and giving the perfect point to add to our holding more shares/options, or the best opportunity to start  a new trade for those at the sideline.

The first sign of a change is coming, was on 11/09 bouncing up from the $4.37 line with increasing volume, at least X2 the average volume on the previous two weeks.
The price had several resistance lines to deal with, starting with $5.05 & $5.63 as I mentioned on twitter several times. The price breakout those points & have to breakout the 52 week high at $6.09 as well, on Tuesday 11/20 we had the breakout, then the price retreat a bit to close at $6.09 again,  but on Wednesday we had a clear breakout with a huge volume of 2.3M shares.

What's Next
The stronger the volume on the upward breakout, the clearer the sign that the upward trend will continue. but as happened in most breakouts, the price may move back to test the $6.09 line again, and this time, the same line supposed to change its role from resistance to be used as a support line. If this line failed to do so, then the next strong support line is $5.63
As the price reached a new 52 weeks high at $6.47, I have to look back at the weekly chart to find the next resistance lines. The next target is the $6.86 line followed by $7.67  line as the second target ahead of the results that supposed to be revealed on January 2013.

It's hard to predict the price that $CLSN will reach in case we get a positive results, saw several predictions of $15 to $20 over the biotech community at twitter , but in the other side, we have to remember that $CLSN can reach $2 to $1 !!!  in case of a negative results, so it's important to manage your risk, by hedging, reducing or closing your position ahead of the data.

Disclosure: Long $CLSN shares & Jan $3 & $4 calls

 

$CLSN

10/05/2012

2 Comments

 
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$CLSN Follow-Up

The price today make a very important step up, breaking out again the $5.63 weekly resistance line, that was a hard job as the cross of this line with the downtrend line Light Blue on the chart) , and this action back up with a large volume too.
The Stochastics & the RSI as well make a face up too crossing up the signal line, and I'm expecting the MACD to follow too.

Disclosure: Long $CLSN shares & Jan

 

$CLSN

09/30/2012

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Click to enlage
2 weeks ago was the last time I published $CLSN Technical-Analysis,  we were looking for the $5.05 resistance line breakout, meanwhile we had the breakout, closing above it & even breaking out the next resistance line $5.63, but then we had 4 trading days with a doji & spinning tops  showing us the weakness of the bulls, where the bears took control,  followed buy a Bearish candlestick breaking out the $5.63 line starting a real technical correction.
This technical correction lead the price to drop down to the Fibo-50%  & bouncing back from it creating a Bullish "Hammer" candlestick, but we can see that the indicators already started the correction leaving the overbought area, including the MACD, RSI & Stochastics, so we might see a few days of a side-way to get the indicators reset & preparing for the next run, while the $5.05 line supposed to be used as a support line, followed with the Fibonacci 61.8% line around $4.95.
BUT with companies like $CLSN & most of the biotech sector, we know that any good news or PR can make the price change direction & gap up or down without notice, leaving all the indicators behind.

We are getting close the the year end where $CLSN supposed to release the clinical results and we can see more hype around the chances of $CLSN in the near future.
If you need any info about $CLSN you have to visit the source #1 http://celsion.blogspot.ca/

Disclosure: Long $CLSN shares & Jan13 $3 calls

I want to take the opportunity and thanks the following followers
Thanks to Clifton for his 1/2 case beer
Thanks Rob & Mike for the "Case of Beer" donation
Thanks Reyes for the "Case of Beer" donation
Thanks Ryan for the Case of Beer, actually, it's enough for a fine Scotch.

 Thanks @Trader4Mazz for your appreciation & keep my fridge full of beer, actually I will go with Green Label today :))
Thanks Matt for the 1/2 case of beer.
And finally Special thanks to @JoanBar2 & @badboy9904  you both make my day, will buy "Blue Label" today instead of beer ...thanks & cheers

It's not about the money or the drinks :) it's the feelings that someone really appreciate your work & say thanks...

 

$CLSN

09/13/2012

1 Comment

 
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$CLSN had a big run from the point of $2.70 on 08/06 reaching the high of $5.18 breaking out the weekly resistance line $5.05 but close below it, causing a technical correction to the Fibo-38.2% & retesting the support line @4.37 as you can see on the chart.

Bouncing back from the support line and start moving again upward, but again failed to breakout the $5.05 resistance line & closing above it.
We can see some weakness signs in the uptrend, starting with the last 3 days getting a three Doji candlesticks showing the indecision of the direction,   then if we look at the indicators, we can see a negative divergence in both the MACD & the RSI showing that the momentum getting weak.

What is the direction
we have to watch the price action & see if the price can breakout again the $5.05 resistance line & close above it with large volume, then we start a new leg & cancel all the negative points I mentioned  (this can happened in any new PR or good news from the company as we are expecting update from $CLSN about the DMC meeting outcome.

But failing to do that, we can see a new trend of a horizontal  channel between the too lines $5.05 & $4.37, we can see that the Bollinger bands start going side-way to create a horizontal bands too, that way we can see a consolidation & volatility squeeze within the bands, meanwhile the indicators will reset & start a new & fresh move.
We are getting close the the year end where $CLSN supposed to release the clinical results, in this case I will not consider the technical pattern called "Double-Top" that usually bring a large downtrend.

If you need any info about $CLSN you have to visit the source #1 http://celsion.blogspot.ca/

Disclosure: Long $CLSN shares & Jan13 $3 calls

I want to take the opportunity and thanks the following followers
Thanks to Clifton for his 1/2 case beer
Thanks Rob & Mike for the "Case of Beer" donation
Thanks Reyes for the "Case of Beer" donation
Thanks Ryan for the Case of Beer, actually, it's enough for a fine Scotch.
It's not about the money or the drinks :) it's the feelings that someone really appreciate your work & say thanks...

 

$CLSN

09/04/2012

0 Comments

 
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$CLSN in a technical correction 5th day in a row after touching the resistance point that I talk about $5.05 (reaching $5.18 in the intraday) twice and back to retest the support line @ $4.37

This Weekly support line supposed to keep as a good support @ $4.37 and the price should close above it, failing to do so, we can see the price visiting the next support @ the Fibonacci 38.2% around 4.22$ & the next support is the Fibonacci 50% line around the $3.90 that I don't think it will visit this point

In the other side, we can see the volume decrease in those correction days, that's a bullish sign, so we can see a bounce back from that support lines to reach a higher high, just reminder of the $2.70 support line & bouncing back from that one on 08/06  then a runup to the $5.18 high.

Disclosure: Long $CLSN shares & Jan13 $3 calls

 

$CLSN

08/17/2012

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One picture, worth a 1000 words

A new 52 weeks high $4.32
Very close to the next resistance line @ $4.37 & keep growing.
Take a look at the large volume, Large volume with a new high, is a must & we have it.
Love the action especially after the full 61.8% Fibonacci technical correction, read my earlier TA on CLSN about the price action after the full correction.

In case and the price breakout the $4.37 line the the next target is on the Weekly chart, the $5.05 resistance line since June 2009. followed by the $5.63
resistance line

Disclosure: Long $CLSN @ $2.69

 

$CLSN

08/13/2012

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$CLSN keep it's recovery after the last full technical correction of Fibonacci 61.8%, and getting support & bouncing back from the support line (weekly support line) @ $2.70

The price bounce up from the support line breaking out the 50MA too, then we had 4 days of consolidation trading side way in the  gray box , while the indicators turning out & start moving out from the Over-Sold zone
We can see the the RSI already moved above the 30 line & the stochastics went through the 20 line towards the 50 area shoing a positive momentum, but we need a larger volume though.

If we are looking for the technical analysis history, we can find that if the correction of an uptrend stop around the Fibo 61.8% & turn upward, the chances to see the price above the last highs are very large, so technically I wouldn't be surprised to see the price above the last high $4.06, then challenging the next resistance point @ $4.37 form 7/19/2011 .

Just keep in mind, it's not a one line up to that point, we will see a resistance points & retreat as a technical correction during this runup.

Disclosure: Long $CLSN from $2..69



 

$CLSN

08/06/2012

4 Comments

 
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$CLSN dropped hard today about 6% after the news about a lawsuit " RAFETTO V. CELSION" as my mate  @magicsia bring to us http://dockets.justia.com/docket/new-jersey/njdce/3:2012cv04848/277856/
and the company response to his email was
 " CLSN management:- this is "NOT material" and covered by their insurance.I got no other details,but it sounds trivial. "

The weekly support line @ $2.70 supposed to hold and closing above it today will be a good sign, I just picked shares @ $2.69 and will add more at any dip, the next support is around $2.60$
Thanks to @magicsia for his extensive follow up



 

$CLSN

08/01/2012

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$CLSN having a technical correction for the last huge run from $2.10 on June 15th to reach the top of  $4.06 on July 06th
We can see on the chart that the correction is reaching the Fibonacci 50% level,  but the indicators are mixed and not giving a clue for a support & reverse...

We are looking for the Fibonacci 61.8% level as a good support around $2.85 ...the same area that the 50MA , so it can be a double support.
The $2.70 horizontal line is a strong weekly support, but I don't think that there is a big chances to see the price there...
Still waiting for a reversal pattern & for the indicators to move out from the oversold zone.

 
 
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start a technical correction 4 the last run Fibo 50% is $3.07 &max 61.8% around $2.80 wait4 reversal