Making money off of heart failure

First off, yeah I'm a bastard.  When I hear something like 'Heart failure is the leading cause of death in the U.S.', I think  "what is the best way to play it?"  I think the answer is Heartware (HTWR).

HTWR makes small implantable heart pumps for people with advanced heart failure.  The company is earnings and operating cash flow negative, but earlier this week the company sold 1.5 million shares to raise capital.

This first chart is the daily.  They keys here include the hold of the triangle's lower boundary, the great reaction to the secondary offering and the relative strength breakout.  

This second chart is the multi-year view.  We can see there is flat top resistance around 98, with higher lows forming over the last 2 years or so.  From this view we have a stock that is in a relatively safe entry area.  If you like the chart, but want to wait for more confirmation, you have a plethora of signals to wait for.         

Will this stock ultimately reach the highest possible target at 145?  Who knows, but the world's trends and the price history say this is an attractive buy right now.  Good luck out there!

If you want to discuss this further you can tweet me @aro618 on stocktwits/twitter