I thunk so. It ran from 36 to 53 in two weeks after coming out of the first flag. Second flag being formed. Two steps forward one step back. Aligning right at two FIBs. Closed above both today. I like this to run up ahead of earnings unless market falls apart early next week.
dont rush into this, macro perspective this stock has been a clear uptrend since being listed, knowing so, we dont want to be tryna call the top, so watch it over, set alerts and plan your trades accordingly while managing RISK! Do not FOMO in, just wait and play the breakouts and use stops 2 scenarios, leaning bull
INMD looks like it wants to attack the ATH. Has been on a tear after working off the prior overbought condition. Attracting momentum and new IPO traders. My bet is that it takes out the old high.
INMD appears to be heading up like many of the 2019 IPOs over the last couple weeks. After a huge move it consolidated as expected and is now on the march back up. RSI and MACD still favorable and this is a 4 hourr chart. Little FIB resistance here so may pause a little. Looking for it to challenge the old highs which is about $10 from here.
Inmode broke out from falling wedge, MACD looks great, volume is convincing, gap filled. Target $55.
Buyers have come into to play to make a bullish wedge in an uptrend
INMD appears to be getting to the bottom of its correction. Today it filled a gap and held a key FIB support. I suspect there may be a little more sideways action before the next leg up resumes. Watchlist item.
INMD in retracement ... if it closes above 39 for next 2 days, should be entered for a short term swing ... if not, 30 would be a good entry point.
very interested in their next ER report
Amateur here, was just hoping for some feedback to see if I’m looking at the right things.
Lines are guidance
I've been holding InMode, a mid-cap maker of laser hair removal and other laser based cosmetic equipment, and they're hot. Fundamentals are strong and the technicals indicate heavy institutional accumulation. Enough time has passed to have a quarter's worth of data to begin painting indicators on my chart, and volume is hot. What trend exists by ADX shows a...
An Israeli company - healthcare InMode Established in 2008 profitable for several years now. A new ipo - 3 months ago at a price of 14$ and since then has jumped tens of percent. Total revenue for the second quarter of 2019 was $ 38.8 million, up 55% from the second quarter of 2018. Mainly as a result of higher U.S. revenue. Gross profitability in the second...