**IMVT** Immunovant stock, good close and narrow range breakout.
Breakout trade
* CONFIRMED breakout above 40.64
* Target: 44.51, 8.7% Stop: 39.55 Loss: 3.4%
* P/L ratio: 2.6 : 1 - Good
BULLISH
* \[Timing\] Strong bullish 3 day candlestick pattern.
* \[Timing\] CONFIRMED breakout above 40.64, no resistance in area just above.
BEARISH
* \[Positioning\] 1 Day Price change strong up, may pause
* \[Positioning\] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
[IMVT Immunovant stock chart](https://preview.redd.it/dkf80zwg3yih1.png?width=1190&format=png&auto=webp&s=fd293deb20dab321038a0fc3ad9b3935972bd636)