Pupm&Dump trading strategy idea.
$THTX is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3.90;
stop-loss — $4.60;
take-profit — $2.50;
Do not view this idea as a recommendation for trading or investing. It is...
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We are seeing a very similar pattern to the one we saw just a month ago. Increased volume on the break, 20 RSI remaining bullish above the 50 line and crossing above the 10MA, MACD moving toward bullish crossover. 200MA and 100MA moving up steadily, short term GMMA consolidating with price and now turning towards the upside with a very bullish close on Friday.
