INMD has been a textbook true market leader (TML). Volume has been outstanding in this stock and has recently faced a slight pullback at the beginning of last week. It was a big move down but quickly had two inside days to reclaim the 21 & 8 EMAs. The stock was really eaten up by buyers when it was below the 21EMA which is a positive sign. Volume has steadily been increase with really no major red days besides two. More importantly the stock held up very good in the witching day on Friday where the indexes where lower.
Would like to see this stock break past ATH and manage risk at a previous pocket pivot. Would also be open to take a oops reversal on this early next week to test the pervious pivot.
Would like to see this stock break past ATH and manage risk at a previous pocket pivot. Would also be open to take a oops reversal on this early next week to test the pervious pivot.