$INMD On Breakout Watchlist

11 Oca 2023

INMD has preannounced revenue expected to be above previous estimates. I have this on my watchlist for a breakout to the upside. It is clearly in a stage one consolidating after a brutal selloff. I have an alert set at R-1 for a breakout of this VCP area. Keep in mind if you like this idea that there is a lot of overhead resistance. I’ve marked areas I think are the most relevant on the chart. My thinking is that IF it breaks out of R-1, R-2 is close by. If it can get over $42 area it may run to around $50 before it needs to digest the overhead. All TBD. Ideas, not investing / trading advice.

11 Oca 2023

Not

Looks like this is a sell the news right out of the gate. Still on watchlist. This could be a shakeout before a breakout. TBD. However, the volume has already exceed the daily average and we are only 35 minutes into the trading day. I'm now watching on a 5 min chart for a possible reversal. to the upside.

11 Oca 2023

İşlem aktif

I've turned this into a day trade now. In at $34.97 with a stop just below today's low. Very tight stop with a great RR... TBD.

11 Oca 2023

İşlem kapandı: durdurma seviyesi

Day trade did not work. Stopped for a small loss. Still on watchlist.