Judgment day... Longs or Shorts?

Jul 26, 2023

Earnings today (26.07), so this is a risky trade.

Ennovix has a large short interest (~25%) and is very volatile (weekly volatility is 6%). Stock is

• If this goes under $18.50 then get out.
  
• There is a small gap at $20.40, so this can be the 1st PT for 1:1 RR.
  
• A little longer PT is $26.
  

Divergence on:
SMI
Willimas %R

RSI flat

MACD not perfect.

Jul 28, 2023

Trade active

Great ER... price action very strange.

It was possible to close trade at +20%.

Now back to Daily Base, so we will see. Trade still valid.