Last Updated on September 5, 2019 by Kevin Douglass
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Press Play on the interactive chart below to watch the CFMS instant replay!!!
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Bullish Gartley by follow_the_money on TradingView.com
About CFMS
Conformis, Inc. (NASDAQ: CFMS), is a medical device/ technology company that uses its proprietary iFit ‘Image-to-Implant’ technology platform to develop, manufacture and sell patient specific joint replacement implants that are designed to fit each patient’s unique anatomy.
Technicals
- Bullish Gartley pattern (786 retracement)
- Fibonacci confluence at the 1.272 extension
- 382 continuation pattern (Keeps bouncing off and making higher lows — if uptrend continues the 382 retracement could be used to further add)
- In-line with Fibonacci time-cycles
- RSI pushing higher on Daily and Weekly
- Potential gap up to fill up to the $2.75 level.
Conclusion:
$CFMS has sufficient funds, great management and recently received some 510 certifications while broader markets were selling off. Looking to re-claim those prior gains. Will revisit the trade at or around time of the gap filling.
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Disclosure: I am long $CFMS. This is not a note to buy or sell, please do your homework before investing.
