MaGed_Essam
Long

ITMN triggers a buy!

NASDAQ:ITMN   None
28 0 0
The stock looks very bullish on both the daily and weekly charts.

First let's see the price structure in the daily chart: It moved between the dashed line and the red line, forming higher highs and higher lows, and showing good respect to the 50-day SMA . Recently it moved strongly upward, breaking the red line then a setback to test that broken line. Entry at current levels is advised with stop loss below 51.00 and target not less than 60.00

Weekly chart confirms the same scenario: the stock is moving upward strongly after successfully completing a pennant pattern which helped the stock to go beyond its previous high at 52.00. The target of that structure is around 60.00

Buy!
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