Bottom Fishing

INMD appears to have been a Parabolic Arc. If you look at the chart on weekly/3 years/you can see the inverted C shape and the steep incline that is indicative of Parabolic Arcs.

Most Arcs fall between the .618 and the .786 fib levels which are expressed as percentages rounded up on this chart. Some can fall more and some fall less than this. Arcs are known to be volatile after finding a place to rest.

Possibly an inverse head and shoulders bottom trying to form but it is very small.

I would place my stop under the head under 33.11.

The longer term moving averages need some work. The shorter term averages, the Alligator is trying to tangle.

I will come back to this if the bottom holds and post targets.
This company is located in Israel which has no dividend. On the positive note, I do think Israel is doing better economically than we are.

No recommendation.

InMode Ltd . designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women’s health conditions and procedures. It also designs, develops, manufactures, and markets non-invasive medical aesthetic products that target an array of procedures, including permanent hair reduction, facial skin rejuvenation, wrinkle reduction, cellulite treatment, skin appearance and texture, and superficial benign vascular and pigmented lesions, as well as hands-free medical aesthetic products that target a range of procedures, such as skin tightening, fat reduction, and muscle stimulation. The company was formerly known as Invasix Ltd. and changed its name to InMode Ltd . in November 2017. InMode Ltd . was incorporated in 2008 and is headquartered in Yokneam, Israel.
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