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"I bought it off the 21-day line a couple of days ago. But there's a trend line from the top of the handle and the base, which makes this breakout scenario interesting."
Ed Carson describes Hinge Health (ticker: HNGE) as having formed a solid base with a recent breakout attempt above the 60 level. He noted he entered the stock near its 21-day moving average and sees the trend line from the base as a potential support. Despite the promising setup, he cautioned about its inherent volatility given its IPO status and unprofitability.
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