IOVA a volatile medical stock approaches earnings LONG

تم تحديثه
IOVA has doubled in February and broke out above its volume profile high volume area about

one week ago as it runs to earnings. Since it settled down two days ago into a relative side-

ways consolidation. I will take a long trade here for a pre-earnings play to presume that the

buying and bullish momentum will resume nearly immediately.

تم فتح الصفقة
My Buy stop to add more shares to the position is 16.35 the top of the local
volume profiles' high volume area. لقطة
ملاحظة
LABU a 3X leveraged ETF of biotechnology stocks LONG
ملاحظة
لقطة
تم فتح الصفقة
IOVA up 5% from the open now situated at the moving average ribbon for an add to
the position لقطة
تم فتح الصفقة
Given the morning price action, I expect a fade this afternoon and so will look

to add again near to the close of the session.
أغلقت الصفقة: تم الوصول للهدف
Position built last week closed for big profit at the double top- expecting to re-enter
after the fade or full retracement لقطة
تم فتح الصفقة
Re-entering using only the profit from the last trade to compound the gains.
targeting the VWAP lines above لقطة
ملاحظة
Targets 16.60 and 16.85
ملاحظة
لقطة
ملاحظة
Partial Profits taken - half the position is still running no signs of letting up- still with relative strength in the 60s. This has been a great trade.
biotechnologystocksIOVALABUTrend LinesVolatilityVolumeXBI

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