Smithoroo

$CODX Potential Swing Trade Setup

Long
NASDAQ:CODX   Co-Diagnostics, Inc
$CODX is a company focused on commercializing molecular diagnostics for infectious diseases, including COVOID-19 with their testing kit.
With COVOID-19 infections slowly ticking up in the US and more cities are are temporarily shutting down, we might see more demand in these testing kits.
$CODX has been flagging in its channel since June 12th and a breakout can have it gap fill for a potential target of $21.53
Also since flagging, Stochtastic and MACD has historically crossed and resulted bouncing off trend line support. RSI also has bounced off support for a price bounce.
Also has 15% short interest.
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.