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 it continues it 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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