I shorted $TNDM at $10.75. I was a bit afraid of missing the correction since this has broken from $3 to now $11.
I think I have seen these same moves before on many other tickers. They run up like crazy and it get's heavily shorted at the end of the day and the next day it retraces. Because of the fear of missing out (FOMO). I feel like I was way too early in my opinion.
In short, this hasn't had a proper pullback trend, so the uptrend is very strong. However, it is reaching resistance at high 12s. Looks like support would be high $9s or the whole dollar $10. After that, gap fill down to $9 which I have a hard time seeing it done by this week.
It looks like I will have to close this with a loss if I don't see some weakness or retracement tomorrow. There was definitely alot of sell off at the end of day. This could get really ugly if I do not cut losses at high 12s if it attempts to fill towards $20.
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