BREAKOUT STOCK ALERT UPDATE
$GLMD - Galmed Pharmaceuticals Ltd. - Ordinary Shares
Initial Alert Price: $3.67
Price High: $5
% Gains/Losses: 36.24%
(+18.29% More Than Expected)
Potential Stop Loss: $4.75
In today's trading, GLMD simply broke out on pure momentum without providing an press releases or news that would justify the move. We initially had a $4.32 Price Target set on this stock for a 17% Swing Trade on the stock while watching for if the stock could breakthrough those $4.32 Levels of Resistance. The stock did just that and reached a high of $4.85 providing an additional 15% on the trade with a total 32% Gain on the move.
If the stock were to consolidate and conduct a Resistance to Support Reversal, then we would see the stock trading between the $4.32 - $5.15 Price Ranges moving forward to potentially retest those $5.15 Levels of Resistance. If we do retest those $5.15 Levels, then we could potentially see an additional 10% beyond what has already been obtaining in profits.. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
$GLMD - Galmed Pharmaceuticals Ltd. - Ordinary Shares
Initial Alert Price: $3.67
Price High: $5
% Gains/Losses: 36.24%
(+18.29% More Than Expected)
Potential Stop Loss: $4.75
In today's trading, GLMD simply broke out on pure momentum without providing an press releases or news that would justify the move. We initially had a $4.32 Price Target set on this stock for a 17% Swing Trade on the stock while watching for if the stock could breakthrough those $4.32 Levels of Resistance. The stock did just that and reached a high of $4.85 providing an additional 15% on the trade with a total 32% Gain on the move.
If the stock were to consolidate and conduct a Resistance to Support Reversal, then we would see the stock trading between the $4.32 - $5.15 Price Ranges moving forward to potentially retest those $5.15 Levels of Resistance. If we do retest those $5.15 Levels, then we could potentially see an additional 10% beyond what has already been obtaining in profits.. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
Tim Burks | Founder - MyMI Wallet
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
