We entered OVID last week to swing the stock into its data catalyst. The share price opened up today around 13% and has traded between $2.04-2.08. We took some profits this morning at $2.10. If the share price fails to hold above $2.05 we feel that is a bearish sign. Our team has entered stop losses at $1.96. On the flip side OVID could break out and in that case, we would hold strong.
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