MBLY 0.00%↑ has been moving up this week, aided by some pre-market gaps up, and is showing a favorable short term trend with todays move through the 20 day moving average. Call activity at writing this morning has been substantive
I’d like to see this break and hold the AVWAP from Augusts earnings related gap down. That allows for a nice risk/return setup playing for a gap fill. It’s possible this weeks gaps up get filled first before that happens; another reason to wait for confirmation.
