Long INMDLOng INMD @ 23
Sl @ 21
Profit target mean revert
Fundamentally, extremely undervalued
Time frame maybe 3 months depends on the strength and weakness of the stock
INMD trade ideas
Inmd long Long Imnd @ 23 usd
Sl Break of trend line
Fundamentally very strong , very high profit margin , zero debt
INMD LONGINMD Long set up is clear as day. 16.6 level is the remaining high volume node that this thing should bounced off of. There is no reason fundamentally for this name to trade down, its just reaction to the war in Israel.
Will $INMD Find Support?NASDAQ:INMD has fallen more than the overall market in the past month, but it is finally getting back to its longer term trend zone formed from its post-pandemic reversal. I am seeing the support from around $33.25 down to around $32.50. The risk to reward will be there for me under $33. The overall fundamentals haven't changed much, and they continue to grow at an impressive rate. I started accumulating on Friday, and will continue to add as we see if this support holds.
INMD: Ascending Triangle, Confirmed (54,30%)(14/1000)(14/1000)
Ascending Triangle for INMD.
Confirmed. Possible 54,30% gains.
Pros:
1- Bullish Ascending triangle, Confirmed
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 but flat
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and climbing a little
9- Volume at break out
Cons:
1- ATR flat, less volatile
Target price is 64,38$.
Additional targets:
PT#1 = 71.15$
PT#2 = 86,40$
PT#3 = 93,37$
PT#4 = 98,77$
Again, stay humble, have fun, make money!
MAAX!
Bullish AlertBullish alert confirmed by our bullish crossover.
The next step will be a new relative high to confirm the setup and the entry signal for a new bullish wave.
Long on $INMDInmode financial position is improving with lot of cash on balance sheet and improving revenue. Teh stock is consolidating in 30 to 34 range, once break out happens might reach 38+ as first target and then 53+ as second target. Stop loss 28.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
Breakout InmodeInmode might be breaking out of a solid base after great earnings, as long as the general market holds up.
$INMD On Breakout WatchlistINMD has preannounced revenue expected to be above previous estimates. I have this on my watchlist for a breakout to the upside. It is clearly in a stage one consolidating after a brutal selloff. I have an alert set at R-1 for a breakout of this VCP area. Keep in mind if you like this idea that there is a lot of overhead resistance. I’ve marked areas I think are the most relevant on the chart. My thinking is that IF it breaks out of R-1, R-2 is close by. If it can get over $42 area it may run to around $50 before it needs to digest the overhead. All TBD. Ideas, not investing / trading advice.
INMD - potential Cup & HandleINMD seem to be a great study on chart patterns and fibonacci retracements! :)
The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB).
It then lost momentum and started a steep pull back, finding support only around 61.8% fib retracement of the recent upswing AB. This steep retracement and subsequent action is beginning to shape into a potential Cup & Handle pattern (a pattern which is a lengthy "pause/consolidation" in a prior uptrend).
With earnings round the corner (expected on 3 Nov), will it be the catalyst that propel the stock to successfully break up from this C&H formation? If and when it does, we will have a golden cross (20day MA crossing above 50day MA) as well.
Nothing is guaranteed so we can only wait and see! LOL. Earnings can swing both ways although the strong volume accumulation on 13 Oct seem to suggest expectations are to the upside.
If and when the stock breaks up, then it further consolidates the stock's recovery is well underway (even if it might still be volatile). Long @ breakup or at first initial pullback towards C&H neckline Initial stop loss with be at most recent pivot low (C&H's "handle's" low)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
FIBONACCI CONFLUENCESClear bullish set up that is shaping right now after having completed a bottoming pattern that is suggesting a 1.8 R/R.
Note that volume spiked after the breakout, suggesting more upside could develop if 78,6 fib holds.
INMD - Big Upside PotentialAn Ascending Megaphone Structure
A second touch of the lower level of the megaphone has been observed
This is going to be likely a point of support and price shall rise from there
Potential
DOUBLE BOTTOMInteresting double bottom completed, over a multi week base, indeed, volume surged at last week closing above accumulation area, minimum upside potential can dictate a 1.7 R/R.
WATCH $INMD Bullish
Fundamental
- High inflationary Macro environment / no fear sentiment
- Funds Accumulation
- Positive PE
- Positive PEG
- Positive P/FCF
- Top Sector / Industry
- Niche market thoughts
Technical
- Momentum Theory Indicator - breaking out neckline
- Price action formation ( falling wedge )
- Broke Trend line
- Doing double bottom under major S/R level
- Below 200MA
- Supported by POC
- ST pending
- Bullish candles
- Volume surged
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Every experience is a positive experience if I view it as an opportunity for growth and self-mastery.”
Cheers and happy trading!
Bottom FishingINMD appears to have been a Parabolic Arc. If you look at the chart on weekly/3 years/you can see the inverted C shape and the steep incline that is indicative of Parabolic Arcs.
Most Arcs fall between the .618 and the .786 fib levels which are expressed as percentages rounded up on this chart. Some can fall more and some fall less than this. Arcs are known to be volatile after finding a place to rest.
Possibly an inverse head and shoulders bottom trying to form but it is very small.
I would place my stop under the head under 33.11.
The longer term moving averages need some work. The shorter term averages, the Alligator is trying to tangle.
I will come back to this if the bottom holds and post targets.
This company is located in Israel which has no dividend. On the positive note, I do think Israel is doing better economically than we are.
shortsqueeze.com
No recommendation.
InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women’s health conditions and procedures. It also designs, develops, manufactures, and markets non-invasive medical aesthetic products that target an array of procedures, including permanent hair reduction, facial skin rejuvenation, wrinkle reduction, cellulite treatment, skin appearance and texture, and superficial benign vascular and pigmented lesions, as well as hands-free medical aesthetic products that target a range of procedures, such as skin tightening, fat reduction, and muscle stimulation. The company was formerly known as Invasix Ltd. and changed its name to InMode Ltd. in November 2017. InMode Ltd. was incorporated in 2008 and is headquartered in Yokneam, Israel.
36.68
38.75
EPS (FWD)
2.09
PE (FWD)
17.95
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
7.67%
Market Cap
$3.12B
Inmode - Oversold with some upside to come?Inmode had a great momentum run over the last year and even with a recent 30% pullback is still up 190% for year.
I haven't really seen any news that might account for the drop and looking at Yahoo Finance their analysts are saying the current price should be closer to the $98.50 mark rather than where it is today at $67/40.
Fingers crossed for a bit of a run back to some of these resistance levels.
Worth some research.
Inmode setup for a nice longRSI has plenty of room to grow and the MACD is trending for a nice long run with buyers in control. Looks like the trend is ready to run to ~$72 as the resistance line and we will see if it breaks through it to make new highs.
InMode - Consistent performer back at its 20 Day Moving AverageInMode has been a great performer over the last 12 months. Consistent price momentum with good financials.
It is back at its 20 day where it has typically provided support so could be a good area to look at an entry.
Worth a watch.
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INMD - POST TRADE ANALYSIS It is a great service to the TV community to post entries, but I think we learn more through our post-trade analysis. This name did not move quickly like I expected it to do. It was a beautiful continuation pattern, but on further observation, a late entry due to the extension of the 10-day above the 20-day. It's right for the 10 to be above the 20 but when there is air or space above the 10-day, it is most likely time to take profits. In this case, I closed the position.
INMD: CUP AND HANDLE PLAYNice cup and handle on INMD .
(I'm not looking at fundamentals here, just technicals.)
What's a cup and handle?
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. (Definition by Investopedia)
After confirming the cup n handle pattern and breaking the top of the handle, the price is now retesting the breakout point and forming a bull flag . Bull flag formations are found in stocks with strong uptrends and are considered good continuation patterns.
It is therefore a great level to buy with good risk vs reward.
Traders will want to buy the break of the flag with a stop loss below the breakout point.
Whatever the height of the cup is, add that height to the breakout point of the handle and you have your profit target (at around 109) .
Note that 100 could act as a psychological level/resistance.
Trade safe.
