This stock has potential to really move one way or the other. Sizing should be appropriate for biotechs and potential movement.
Hourly chart looks like solid flag. Would need to clear downtrend line to confirm move higher
$SPY bouncing off of uptrend line from June 28. I expect the bounce to continue back to near highs over the next few days, but some big events coming up that could move the market in either direction this week.
Looks like some support has been found around the $22 area. I would like to see it clear downtrend line.
Finviz shows that there is still 26% short interest. Could set up for an explosive move to the upside with defined risk