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LeLaf
Jul 22, 2023 6:10 PM

INMD: Ascending Triangle, Confirmed (54,30%)(14/1000) Long

NASDAQ:INMD1D
InMode Ltd.NASDAQ

Description

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(14/1000)

Ascending Triangle for INMD.
Confirmed. Possible 54,30% gains.

Pros:
1- Bullish Ascending triangle, Confirmed
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 but flat
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and climbing a little
9- Volume at break out

Cons:

1- ATR flat, less volatile


Target price is 64,38$.

Additional targets:
PT#1 = 71.15$
PT#2 = 86,40$
PT#3 = 93,37$
PT#4 = 98,77$

Again, stay humble, have fun, make money!

MAAX!
Triangle
Comments
TORNADOF5
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hey ,
any idea how low it can go , sadly not sold it at 118 :{ seems like last defense for bulls not sure
LeLaf
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@TORNADOF5, If the head'n Shoulder confirms, couls go to zero. It's a waiting game for now.
LeLaf
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@LeLaf,
LeLaf
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@LeLaf, But the market is up pretty much everywhere I look. Si I do not think the H'NS will confirms.
TORNADOF5
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@LeLaf, wow thanks man , i have read about the company a lot and amazing earning all year
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