NASDAQ:FLGT   Fulgent Genetics, Inc
This one broke up from what appeared to be a bear pennant . Short interest is over 30% which scared me when I got in this close to C because short interest was even higher then. That is when I turned this into a bear pennant in my mind verses a triangle. The pole down was not too straight and when price started breaking the top trendline, in my mind it became a triangle. It is amazing what your mind can do but I am like "why are the shorties all over this?" And we may find out! The short interest being so high has made me hesitate on posting this for quite a while.

A bear flag or pennant is opposite of a bear flag or pennant . The bear version occurs after a sharp move down and there is a pole as well just the pole goes downward. The flag or pennant will usually slope up against the overall trend.

Borderline overbought right now on daily RSI with RSI on 80 verses 70. Not on weekly or monthly RSI . If a security is kicking booty, sometimes folks wait on an overbought reading on daily, weekly and monthly, and even then, if the market is extremely bullish , it can remain overbought for a while.

Negative volume has stayed extremely high on this one showing big money is interested...and is what kept me in as this one has some substantial pull backs. Maybe it just seems that way when you are in it. LOL

I may should have turned that orange line green if it becomes support. Too so to tell but it was resistance. When price crosses resistance, it becomes support and vice versa.

Picking a long entry level that works for you can be important to hanging on.

No recommendation and short interest actually has increased 1% today )o: I pay attention to short interest as folks who are good at shorting are usually.. well... good at shorting.. lol

PE ( FWD )

Fulgent Genetics , Inc., together with its subsidiaries, provides COVID-19 testing and genetic testing services to physicians with clinically actionable diagnostic information. Its technology platform integrates data comparison and suppression algorithms, adaptive learning software, and genetic diagnostics tools and integrated laboratory processes. The company primarily serves insurance , hospitals, and medical institutions. It sells its tests through internal sales force, as well as through independent sales representatives in the United States and internationally. Fulgent Genetics has collaboration with PWNHealth to provide at-home COVID-19 test capabilities. The company was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics , Inc. in August 2016. Fulgent Genetics , Inc. was founded in 2011 and is headquartered in Temple City, California.
Comment: Comment: Correction A bear flag/pennant is opposite of a bull flag or pennant and begins with a sharp move down. The flag or pennant slopes up against the overall trend which is Down
Comment: volatile as a volcano!

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