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Gilat Satellite Networks Ltd.Gilat Satellite Networks Ltd.Gilat Satellite Networks Ltd.

Gilat Satellite Networks Ltd.

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GILT trade ideas

Gilat Satellite Networks Ltd. (GILT) Boosts In-Flight Wi-FiGilat Satellite Networks Ltd. (GILT) provides satellite-based broadband communications solutions for telecom companies, governments, and enterprises. The company delivers high-performance satellite backhaul, in-flight connectivity, and defense communications across the globe. Gilat’s growth is driven by expanding demand for remote connectivity, increasing satellite deployments, and strong partnerships in both commercial and defense sectors. On the chart, a confirmation bar with rising volume shows bullish interest. The price has moved into the momentum zone after breaking above the .236 Fibonacci level. Traders can set a trailing stop just below that level using the Fibonacci snap tool to manage risk while staying open to more upside potential.
NASDAQ:GILTLong
by traderspro_charts
Potential massive bullish reversal on growth stock GILTHere's a weekly chart of GILT on a logarithmic scale to be able to capture the entire lifespan of the stock while still being able to see the price action that's going on at the bottom. Let this settle in. At the peak this stock was $3,360. Now it's selling for $6.09 a piece. The weekly chart has been seeing higher lows since '08, just bouncing of that ascending lower trendline time over time again. With 14 consecutive significant surprises in earnings and/or revenue quarter over quarter since 2021, a huge uptick in volume since early 2020, a golden cross on the daily today 12/4/24 immediately causing a massive spike breaking through an important resistance at around $6.25 and then retracing to a support level around the current price level of $6.10. With a post-market valuation of $6.17 and the MACD currently happily ranging over the zero lign, combined with strong fundamentals I'll leave to the Zack's analysis for now, this could be an excellent time to enter a long term growth stock at a premium. Surely we will see more swings the coming period, given the technicals, fundamentals and the satellite broadband industry they are in, I am accumulating!
NASDAQ:GILTLong
by BowserMan
GILT bullish potential - ZOOMED CHARTCloser look at GILT at a lower timeframe, no need for Logarithmic scale this time. We just passed the EMA 50/200 golden cross on high volume, coinciding with a hidden bullish divergence on the RSI daily. Pre-market trade is up 2.13% which means we are taking on a challenge of a first line of important resistance at around $6.20, with bear power drying up and bullishcoming in (see chart) I'd say we stand a fair chance of overcoming this resistance perhaps even today. Like in the last post, there have been positive surprises in earnings and revenue for the past fourteen quarters and the higher lows are now apparent on a non-logarithmic scale. Now remember at it's peak this stock was over $2800. High risk, high reward. Depending your trading style, trade safe!
NASDAQ:GILTLong
by BowserMan
GILT - the move just started (IMO)GILT broke above both the 2 year resistence @ 10.75 and the 19 year(!) resistence @ 11.30 on 25 January on strong volume. It has since been consolidating in a bull pennant above the 19 year resistence (turned support) @ 11.30. Good time to stake for those who is prepared to have a wide initial stop loss (below 11.0). Let's see if this potential home-run trade pans out! p/s please position size accordingly as penny stocks tend to be very volatile (and no guaranteed that trade would work out). Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:GILTLong
by Juliac