Wow, because of my swimming hobby, I have been noticing more people wearing watches that can track laps, stroke rates, count, etc in the pool. Some even wear water-proof ear phones in the pool too ! Imagine swimming and listening to your favourite music or podcasts! How exciting that is ! This is one stock that I am watching. Now is not the time to buy so I am...
Waiting on $GRMN to breakout... needs to hold the 200day. NYSE:GRMN
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....
Garmin NYSE:GRMN had earnings today and the price action on the swing timeframes broke the past weeks' lows to recover back inside the range. This setup is happening right on the 50% Retracement of the COVID low to All Time High along with an Ichimoku Cloud Pullback on the Weekly timeframe. Options spreads are wide so this trade will be best expressed with shares.