Contravir Pharmaceuticals Inc. (NASDAQ:CTRV) closed slightly below key resistance on volume. The technical daily chart above shows a large consolidating pennant shape that could see a strong breakout to the upside next week.
The high short interest should also serve to fuel a short squeeze situation. If a breakout above 2.15 occurs, we could see a move toward the 2.45-2.50 range initially, then a test of the highs is forthcoming.
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