CPRX breakout watch: Eyes on $22.10, channel support intact

Catalyst Pharmaceuticals (NASDAQ: CPRX) remains poised at the lower trendline of a well-defined ascending channel, trading in the $20.60–$21.00 area. The setup to monitor now is a daily close above $22.10, which would signal a real breakout through the $21.82–$22.11 resistance zone. A decisive push above that level opens the door for a test of the channel’s upper boundary near $27–$28.

💡 Trade Plan:

Trigger: Go long on a confirmed daily close above $22.10

Targets:
First: Mid-channel resistance around $24.50
Stretch: Upper-channel target of $27–$28

Stop‑Loss: Place below the channel base, ideally under $20.50 to manage risk

Why It Works:

1. Clear structure: Ascending channel with multiple supports provides clarity on entries and exits .
   
2. Momentum catalyst: Breaching the $21.8–$22.1 zone suggests fresh upside momentum.
   
3. Reward setup: A small stop near channel support offers a favorable risk/reward targeting channel top.
   

TL;DR:
Watching for a breakout above $22.10—that’s your entry trigger. Aim for $24.50, then $27–$28, with a stop under $20.50 if support fails.