Beautiful price action for INMD! Pre-earnings guidance soon to be released!

- Have been charting the rise towards earnings pre-guidance which INMD tends to do 2 weeks prior to actual earnings. And we are in the usual run up to that day.
- A positive reaction will see a jump up of good magnitude
- Bull flag had been forming well since the higher low in early June
- MA5/MA20 are all up and there is upside to go in this rise
- Fib extension of bull flag points to Fib 1.0 of 39 (broken) and next is Fib 1.618 of 41 (upcoming test)
- Downside is back to 39 and then 37.50 and then 35.50 for good support
- Upside trend channel points to 45 with thin structure to resist beyond 42

My Plays
- Sold puts since the early June bottom and at every key stage of MA crosses and then the bull flag pullback at 35.50 and now all are in good positions
- Will sell more puts if there are any pullbacks
- Will sell calls when 42 is breached closer to 45

Good luck, all
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