I missed this trade back on Feb 2 when it broke-out from another consolidation area. I just opened a starter position (you can see my entry and stop on the chart). I'm a tad early on this but my risk is well defined and while I have a stop price named, if this does not hold-up today I'll exit the trade. I do think this is good for another $10 run... All TBD. Ideas...
Entry price: 66.98 Fundamentals : - Sector: Medical Equipments - EPS % Chg (Last Qtr): 89% - EPS % Chg (Previous Qtr): 36% - 3 Year EPS Growth Rate: 81% - EPS Est % Chg (Current Yr): 12% - Sales % Chg (Last Qtr): 60% - Sales % Chg (Previous Qtr): 49% - 3-Year Sales Growth Rate: 50% - Annual Pre -Tax Margin: 40.4%
Barely over long entry level for the C&H pattern, but I think I see a bull flag forming.. Stocks that are bullish may form a flag on their pull back...then again the pull back can keep on going. We just never know. I took the pole, using the magnet and placed it point up from the support line of the flag. This is a ball park way to see how far a flag may...
Large effective volume and a pocket pivot x 3 days All time high is 58.76 and is long entry level.. The cup depth is 45.72. Find mid cup by dividing this by 2 and adding to cup low which is 13.06. I calculated targets using .38, .61 and .79 fib levels/You can add the 100 1.27 and above in a bullish stock in a bullish market.. A pocket pivot is a price/volume...
FA - EPS increase from past quarter TA - Forming VCP ❤❤❤; volume drying up too
A nice continuation #headandshoulders on the daily timeframe. Stock's relative strength made new high on Thursday and price could follow soon. A couple more days next week right below pattern resistance will be ideal and allow for any remaining supply to be absorbed before the breakout taking place.
1. Stay inside the green channel 2. Case not, Stay above 37.25$ Target is near 50-49 Not for any advise Just an Idea,
Posted about this setting up on September 12th and listed 3 reason why this is a nice looking setup. Rectangle range is pretty tight so target around $45. see the post here
3 reasons to like this rectangle breakout chart pattern. A daily close above $36.75 will: 1) Confirm breakout above 200 MA 2) Clear 2 month consolidation chart pattern 3) Clear weekly down sloping trend line (red dotted line on chart)
Not for any advise, Just an Idea.
Understand more about Company background here I will be taking a small bite here tonight ! Join me ?
Not for a suggestion Just an Idea
Make sure to grab some INMD before it is too late. It is not a good entry right now, but may be like this Friday when it dips a bit or when it sits on the 20EMA. 4 days straight up, RS line looks strong (all time high for this month), volume looks ok.
If the 1% don't stop spending, this new plastic surgery technology may continue to be used. This is a monthly chart. Trailing the stop up each week is probably my play