Long position here from technicals:

  1. Weekly technical support at $39 from 2021

  2. This price is right before the pop on weightloss drugs, so this is a 100% unwind of the stock price. The weight loss premium is now removed and is then “free”.

  3. RSI is 26

  4. Entry: $40

  5. Exit: $68, stop loss $35.

  6. RR: 5.28

  7. 4% of portfolio

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