Company: Garmin Ltd. Ticker: GRMN Exchange: NYSE Sector: Technology Introduction: Greetings and welcome to today's technical analysis post. Today, we're looking at the daily chart of Garmin Ltd. (GRMN) on the NYSE, featuring a distinctive Cup and Handle pattern acting as a bottom reversal. Cup and Handle Pattern: A Cup and Handle pattern is a bullish...
Garmin Ltd. is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is legally incorporated in Schaffhausen, Switzerland. The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports...
Garmin NYSE:GRMN had earnings today and the price action on the swing timeframes broke the past weeks' lows to recover back inside the range. This setup is happening right on the 50% Retracement of the COVID low to All Time High along with an Ichimoku Cloud Pullback on the Weekly timeframe. Options spreads are wide so this trade will be best expressed with shares.
Short $GRMN CMP $142.50. Clear downtrend. Support around $140 area. Trading below 200 SMA after heavy selling. 200SMA will act as strong resistance for stock price. Bulls, wait till price breaks above 200SMA with good volume. Bears, expect further downside. Target 1 $132 area. Target 2 $123 area.
Long GRMN.NAS- @ best price available below 160. Currently trades @ 155 TA Highlights - RSI @ 24 and turning upwards. (add more on break of 30) - Bounce of 200 DMA - Bounce off lower Bollinger bands( on the 3 previous occasions this occurred in 2020, the stock went on to return 8.8% in the next 20 days. FA Highlights - CAPEX increased from 185m (2020) to...
Testing Market Chameleon Data. IVx: 19.4% - June 18 IVR : 10.58/6.01 downtrend
Big Three SubChart Indicator turned Green after the Day Candle Closed for an Entry Signal. Big Three SubChart Indicator shows a Long Entry Signal when the SubChart Bar turned Green after the Day Candle Closed. Entered Long Trade at Daily Candle Close. Close Trade when Bar changes to Yellow or Red.
Bull flag breakout is imminent back to at least previous ATH
The exchange builds on a declining double wave structure. I assume that this wave can move down from the structure with an accelerating moment. For this declining wave structure, the target price is 74.86 usd.
Completed 0.5fib retracement from the last big dump. Also the level concurs with monthly red cloud top, short and stoploss at 70 all the way to the bottom.
NASDAQ:GRMN currently in resistance area likely to bounce downside :)