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Insmed Incorporated
Long
Updated

INSM - June 24 Qullamaggie Breakout and Episodic Pivot

145
15 June
Price surfing the 10SMA and making lower highs
There are two large momentum candles bringing price above the consolidation.

It was also one of the rare stocks that was green while the broader market was red

Risk
I know the reason for the new pricing but I am unable to determine if it is so impactful that it justifies a 122% spike. But technicals seem to align for so i am entering
Note
Price momentum seems very very good, lets hope it continues
Trade closed manually
Closed early as price had stalled and dipped too low that it broke the trend consolidation pattern pull back we expected.

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