✅ Massive Spike:
Closed at $8.93, up +42.20% on the day.
High of day: $9.55, low: $8.52.
✅ Volume Surge:
Monster volume spike confirms genuine buying interest, not just a random uptick.
✅ Trend:
Stock recovered sharply after dipping below $6 recently.
Popped back above the short-term SMA, reclaiming the prior range.
✅ ATR Jump:
ATR is rising steeply → indicates expanded price swings and volatility.
✅ Key Levels:
Resistance: $9.55 → today’s high, critical breakout point.
Support: $8.00 → previous pivot zone and SMA vicinity.
Further support around $7.00 if $8 fails.
💡 Trade Idea – INMB
Setup: Continuation breakout play if volume stays elevated.
Long Entry: Above $9.60 (breakout confirmation over today’s high).
Stop Loss: $8.80 (below breakout failure zone).
Target 1: $10.80 (psychological whole number + range extension).
Target 2: $12.00 (potential momentum push if news-driven).
R/R Example:
Entry: $9.60
Risk: $0.80 → ~8.3%
Target 1 gain: $1.20 → 12.5%
Target 2 gain: $2.40 → 25%
Why This Trade?
Fresh breakout with volume.
Strong reclaim of levels signals a possible trend reversal.
ATR shows volatility → good for traders seeking momentum.
Alternate Play (Dip Buy):
Enter around $8.20–$8.40 if it pulls back on low volume.
Risk to $7.80.
Same upside targets.
Disclosure: This is not financial advice. Do your own research.