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Today we are going to talk Cara Therapeutics Inc. Ticker: CARA on the NASDAQ, not to be confused with CARA on the Toronto Stock Exchange. The TSX CARA will help feed you when you are hungry sure, but if you are having issues related to pain then CARA on the NASDAQ is the stock you seek. How does Cara plan to this? According to their website, the claim is ”We aim to achieve this by developing new products that selectively target the body’s peripheral kappa opioid receptors.“
Today we will discuss Keltner channels. Keltner channels are similar in nature to Bollinger bands which we have previously discussed and can be used in a similar fashion. However, there is some key difference that we should be made aware of. I have already promised you I would spare you guys the math, so let me skip right into the skinny. Essentially with Keltner channels, you will see less width or tighter tops and bottoms that you do with Bollinger bands due to the way they are calculated. In other words, the width of the channels looks more constant. When prices are in an uptrend, the candles will remain in the upper portion of the channel. Similarly, when it is in a downtrend, the prices will remain in the lower portion of the channel. When prices are sideways, we can use the tops and the bottoms of the channels as areas to help identify buy and sell signals. If we look at CARA we can see that is seemingly trading sideways at the moment. We could use the upper and lower ends of the Keltner channel to help us make smarter investment and trading decisions.
Cara Therapeutics Inc.
(NASDAQ:CARA)
Note: this is a US stock for those looking to diversify