Closing the loop on this IPI 0.00%↑ trade ahead of earnings tomorrow. From an earlier post (https://732charts.substack.com/p/looking-for-the-right-setup), it’s gotten a nice little ride (20ish% since June 30th).
I’m de-risking the position and watching to see if the earnings report can get this one back above the 200 day, where it hasn’t been in a year. Book the gain and watch on the sidelines for me.
