Up channel with the prior up channel acting as the middle band for the larger channel.
I expect price to bounce off the bottom uptrend and continue this trend.
Daily timeframe
The middle resistance has been broken before and it will be broken again.
I’m looking for a long term investment in a sea of overvalued bio & tech companies.
Globus Medical caught my eye as a potential candidate after a large dark pool sell and recent pullback in indexes
Globus Medical's index membership is Russell 1000, Russell 3000 and S&P Midcap 400.
Financial Observations:
PE ratio of 37 a return to 2017 levels.
7B Market...
NYSE:GMED
Globus Medical reported strong quarterly results on Tuesday.
Momentum and stochastic indicator suggest short term price weakness as traders take profits.
My personal plan is to reduce holding in small increments so long as selling persists, with the
intention of buying back once the current correction is complete
Indicators:
Arun - A Bidirectional...
Setting up a box long trade into All Time Highs. Volume pattern holding up okay so far but that above than average selling on Friday is a warning. Would like to see couple quite days before it moves up to indicate lack of supply coming to the market. Adding it to my watchlist.
Merry Christmas, everyone! I love Santa and love celebrating Christmas since I was born XD
This is a good one as I spot easy charts while they break out. I hope to get your messages back and I'll say "you're very welcome" XDDD
Stay safe, healthy, and wealthy.
Screening through many stocks this morning this was the chart the stuck out to me. A clear triangle. I will be quite surprised if it doesn't play out because of how textbook it looks. Price appears to have broken the triangle upper boundary. A close above this boundary will support continued strength to the upside. Based on the size of the triangle the simple...
GMED recently reported inline earnings but has now come to our attention on the possibility of a substantial breakout, it has also come to light that multiple Investment and Capital management firms have made significant acquisitions of the stock. This has brought it to the attention of many and has helped and will continue to propel the stock higher in our...
With Earnings set for 02/21 GMED looks to be chopping around at the key resistance line as indicated in red.
The support line short term uptrend has recently been broken, which indicates that price may push lower and chop around the current resistance point until earnings.
It is probable that price action will build up for a break out and push higher,...
