$CODX Potential Swing Trade Setup

6 thg 7, 2020

CODX is a company focused on commercializing molecular diagnostics for infectious diseases, including COVOID-19 with their testing kit.
With COVOID-19 infections slowly ticking up in the US and more cities are are temporarily shutting down, we might see more demand in these testing kits.
CODX has been flagging in its channel since June 12th and a breakout can have it gap fill for a potential target of $21.53
Also since flagging, Stochtastic and MACD has historically crossed and resulted bouncing off trend line support. RSI also has bounced off support for a price bounce.
Also has 15% short interest.
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.