ABMD is in Phase 4 of a Hyperwave

Abiomed is currently in a Phase 4 Hyperwave and looks to be at a point of possibly returning back to the Phase 4 line before continuing higher. Will be looking at puts next week with a target of 375 and then reevaluate from there. Phase 4 very powerful upward movement so will not play large on puts until the Phase 4 line eventually breaks on a weekly closing basis on a linear chart. If Phase 4 holds over next few weeks/months then will buy calls as upward trend resumes.