Market bottomed out last time around 520 and this time around ~ 720. During the recent fall RSI bottomed out and this is the first swing high. Market tested 736 multiple times and moves higher. So took a small position at 790 with 736 as stop. Will average down the buy until 750 as market allows to reduce the risk.
Wockpharma seems to have broken out of it's channel to the downside. Hence a move towards the LTL is possible.
IF there is an upmove (and a reversal) from the channel LTL (as shown by the arrows) then it'd be a great short. In general, up moves could be shorting opportunities.
An up move and a closing inside the channel could be a spoiler for this setup.