Long on a bounce at $26, short on trendline break. Possibly 20% either side. Multiple PT upgrades last week and only 15% float is retail hence the big % daily moves.
On the chart, we can se a falling wedge occurring.
The stock has held its strong support for a long period of time, and we are now expecting it to go to the upside after bullish consolidation.
MACD seems to make either a consolidating or bullish crossing.
Our first target is based on the forming, while the second target hits our resistance level.
Good luck!
IPO intraday trading strategy idea
Dyne Therapeutics is a pre-clinical stage developer of treatment candidates for various serious muscle diseases.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I...
