Why I bought $CLSN Today

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$CLSN Purchased Today

I  am very bullish on $CLSN for many reasons. The chart pattern is a spectacular continuation pattern (see the daily chart below).

Monday is likely to be a very good day for this stock because of recent insider purchases and bullish price action today.  Insider FRITZ FREDERICK J. bought 6,500 Shares at this price level. I think that someone knows something is going on inside this company. The float is so low (7.17M) that this thing can move fast when catalyst events are announced or reached.

Institutional Buying

According to Finviz there has been a recent +10% institution buying frenzy. Strong hands are important here. There has been significant short interest but this is a good thing with such a low float stock! Possible massive short squeeze next week on this!

Price target? Well there has been numerous analysts suggesting $7 – $14 per share as potential and reasonable price targets so you make up your own mind if you choose to buy $CLSN.

Have a great holiday period and good luck trading!

Wesley.

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