INMD - Bulls tactically gapped up above key resistance 40 to head for 45!

Past few sharing of anaylsis on INMD were spot on!
- Pre-earnings guidance on 12 July ==> checked!
- Target of 45 ==> checked!
- Charted the rally since higher low on 2nd June ==> checked!

That's why observe, react, don't predict! Let the price action guide you!

Significance of Wednesday
- 40 has been a resistance past few run up
- Wed, bulls tactically gapped up over 40 at market start! ==> triggered so many stop losses and now also squeezed the bears!

Where are we possibly going now?
- Bullish side - On 30mins chart, bull flag play out would be to 48 and 50
- Bearish side - consolidation - support at gap of 41 and also last breakout level of 38!

We might not be seeing sub 38 for awhile from now. But let's see, observe, react, don't predict!