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GARMIN LTD DRN EDGARMIN LTD DRN EDGARMIN LTD DRN ED

GARMIN LTD DRN ED

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G1RM34 trade ideas

(GRMN) DCA - A Bullish Cup and Handle BreakoutCompany: Garmin Ltd. Ticker: GRMN Exchange: NYSE Sector: Technology Introduction: Greetings and welcome to today's technical analysis post. Today, we're looking at the daily chart of Garmin Ltd. (GRMN) on the NYSE, featuring a distinctive Cup and Handle pattern acting as a bottom reversal. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It looks like a cup with a handle on the right side. The 'cup' is a curved u-shape, while the 'handle' is a slight downward drift. Analysis: The GRMN chart presents a Cup and Handle pattern that has been forming for 276 days, and is easily recognizable to classic chart pattern analysts. The breakout from this pattern has already occurred, which suggests a potential entry point for traders. Moreover, the price is trading above the 200-day EMA, which supports a bullish setup. Conclusion: The Garmin Ltd. daily chart analysis highlights a clear Cup and Handle breakout, a bullish signal for the stock. As always, please remember that trading based on chart patterns should be done in conjunction with sound risk management and proper position sizing. Please note that this analysis does not constitute financial advice. Always conduct your own due diligence when trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
NYSE:GRMNLong
by KarimSubhieh
GRMN - BULLISH SCENARIOGarmin Ltd. is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is legally incorporated in Schaffhausen, Switzerland. The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple. Last month the company reported its fourth quarter and fiscal year 2022 results. Overall, the reported results were satisfying among the different businesses in the company's portfolio. An increased revenue and margin profit is expected by the management in 2023. Short-term possibility for an uptrend movement in the price channel to the $ 110 resistance level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:GRMNLong
by legacyFXofficial
No Math needed here No math needed to see where this is going. However, I did look at the linear chart and yeah, its not good. This is likely going to drop below the 100s again. On the 1 hour it kind of looks poised for a bit of a bounce, and indeed that is what I would like to see here: But I think this would be capped at 117-120 max, if it is even able to make it that high. From there, I likely will enter this as a short position (or on really any bounce from here) and probably will play the options because they are kind of cheap on GRMN. All in all, I am disappointed in them. I like GRMN. But it seems every company I truly believe in and like (GRMN, BA, F) have complete failure stocks, lol. Too bad I can't be one of these Elon worshiping TSLA stans because I probably would have faired better in life. I sold my GRMN holdings in January, but admittedly I only newly invested in them during the COVID crash. So pretty amazing returns, I can't complain but yeah, I would like to have seen them do better. Not financial advice, plan your own trades, etc. etc. etc. just my thoughts.
NYSE:GRMNShort
by Steversteves
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