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.
Trade active:
Target 1 reached
Trade closed: target reached:
Both targets achieved. Worked beautifully as planned.