Looks like $PODD is getting ready to break one way or the other here. Notice how there was a big jump in volume, about 6.5 times the average on the earnings reaction. Since then both the price and volume have been contracting and getting ready to be squeezed in one direction or the other. In a bull market my bet would be that it would resolve higher. However, in this market I’ll be watching and look to trade this in the direction it breaks to, up or down. Hope this helps someone. If you take this trade, make it your own by following your rules for entry and money management. Ideas, not investing / trading advice.
Trade active:
I opened a starter position in this today @ 296.07. Very tight stop on a close below the support area line I've drawn in.
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.