FIGS may continue its post-IPO decline, even after a big earnings beat. It's in a downward fall and shows weakness after the gap-up. With the Federal Reserve meeting and OpEx this week, it may (at minimum) fill the gap between $14.53 to $15.90 as it moves its way down the falling wedge. If it gap fills, it may continue the fall, but I wouldn't be surprised if it tested resistance at some point in the near future given the earnings beat.
Trade closed: stop reached
❌ Broke through original resistance (likely just a bit higher)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.