LOng 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 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.
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...
Bullish 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.
Inmode 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...
INMD 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...
INMD 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...
Clear 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.
An 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
Interesting 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.
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...
INMD 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...
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...
