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#FLGT : Moderna-style movement?

Short
NASDAQ:FLGT   Fulgent Genetics, Inc.
Credit Suiss said 8/01 it's fair price is 42, not 40.
Oppenheimer responded today with rising estimate to 130 from 75.
Everybody can see the result on the chart.

Company is doing great business in tests. Moderna did similarly with vaccine.
If the correction pattern will look more or less the same, 80 could become a solid support now.

Shorting that kind of paper would be dangerous (beware "degenerates" from Reddit).
But nothing stops us from waiting for more reasonable levels for re-entry into this impulse final wave.

Clause de non-responsabilité

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