Jun. 8 at 5:59 PM
$CABA
The
$3 level is more than just a chart level. It’s a psychological level and an important margin threshold that many traders are watching closely.
Meanwhile, the company continues to execute. Recent data presentations reinforced the strength of the platform, management continues to advance the pipeline, and the long-term story remains intact.
To me, this looks like a classic shakeout around a major support area. Weak hands get nervous, while long-term investors focus on the science, cash position, and upcoming catalysts.
The Russell remains strong, small-cap biotech is showing signs of life, and CABA is sitting right at a level where sentiment can change quickly.
The story hasn’t changed. The data hasn’t changed. The opportunity hasn’t changed.
Holding strong and looking forward to what comes next. 🚀
