CLDA

Quick post on an interesting chart, CLDA. 

What I like about it...

• Price has cleared a significant Volume by Price

• Volume is constructive over the last 10 days...but more volume needs to come in to push it forward

• It is solvent (but not profitable) and has already had a recent public offering.

• Revenues are growing

What I don't like about it...

• It's a biotech and subject to the vagaries of all biotechs.
• It is not profitable, so there is a cash burn.

Charts like this in industries like this have to be allocated risk capital. (Click to make larger)

Position:  None