I've been watching $INMD for awhile now and it's held up relatively well during the last few weeks in spite of the market's movements. I like how the volume has been declining the last couple weeks too. I have an alert set when / if it crosses over the short term down trend line. I'll be looking for more buying volume and a strong overall market before establishing a position. All TBD. Ideas, not investing / trading advice.
From $INMD's website:
InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology and ophthalmology.
From $INMD's website:
InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology and ophthalmology.
Trade active:
Started a 1/2 position as it has triggered my entry. Smaller position due to lighter volume and questionable market conditions. Stop just below today's low.
Comment:
3/23 cut to 1/4 position as market seems to be weakening. If market continues to chop I may sell out before hitting my stop.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.