GARMIN LTD

GRMN

I like this stock because the stock bounce at support for a third time and this is a very long support line so this is strong a lot. The fact that it was a nice doji at support shows indecision and that's why the stock bounce and i was expecting a reversal from bearish to bullish. It also has the 200MA who shows support and i was waiting for the stock to break ...

Garmin was in a nice upward channel after 2008. Unfortunately, it broke the lower bound of the upper channel 3Q 2015. It formed a bullish BAT eventually. Current price has just hit target 1 for the bullish BAT. Will it retest the $31 level before heading towards $50? Let's see.

Last November we talked about this company “ this stock was inside week and up, it has been ripping to the downside from $61 to the late $30s. This stock need something to be someone, it’s a buy” I’m looking at this and I still think the company is expanding into other things besides GPS units. I don’t think that the GPS will completely disappear from Garmin ...

To open long positions better at the lower border of the rising trend.

Divergence Status: Watching. Technicals: Horizontal S&R: weekly Channel S&R: yes, weekly MA S&R: no Pearson's R >= 85: ok Price @ MOB or Fib Ext >1.38<1.62: ok AO divergence: some, but not obvious. Fundamentals: Next Earnings date: IBD EPS Rating: 80 IBD SMR Rating: B competitors: none market in correction, best stick to longer term charts...

After tight trading early this year, price printed a new higher low in April at $53.85 and price pivoted higher off from that low and printed a new higher high at the end of April giving back most of the gain and again pivoted higher from May low to print a new higher in July which resulted the head of the bearish pattern to give up most of the gain and printed a ...

The key element here is the big red candle. It does not give the chart to return to the upward trend.

The latest price action is saying that a down trend might begin. The technical signals are bad, but the fundamentals are worse. See out analysis on Garmin Ltd. on www.investazor.com or https://twitter.com/investazor