- INMD tends to have guidance to earnings 2 weeks prior. Current earnings is slated for 27 July, which means guidance could come out next week.
- Current price action has been positive and a good bounce off the range breakout and backtested at 35
- Note recent earnings reaction was high of 38.
Positive reaction
- Bull flag play out to 39/40 and possibly 42.44
Negative reaction
- Bring it back into range down to 32
Exciting counter for me. Options expiry is 21 July.
Good luck, all!