Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services.
2 days ago the share price fell after the company had reported its results for the first quarter ended March 31, 2020.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $6,98; stop-loss — $7,25.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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