The reasons: 1. Low-risk entry 2. IPO base on low cheat pivot 3. Similar to Google's IPO in August 2004, OOMED in the weekly timeframe looks more similar.
Flaw: The general market is currently declining, the breakouts prone to failure.
Trade active
I like to see if it can pause/tighten up for one or two days below 232 from here. Then, I'll add to my position.
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