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Jul 9, 2021 5:31 PM

Gilat Satellite potential breakout Long

Gilat Satellite Networks Ltd.NASDAQ

Description

NASDAQ:GILT

Gilat Satellite Networks share price has been consolidating around the 10 dollar zone
On the daily chart, we see a potential break out with momentum indicator showing bullish vigor in the second panel
This signal is relatively young and we want to see confirmation via further development in price action

Order cancelled

Short term price action suggests higher probability of a move to the downside
Suggest to move to sidelines.
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