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GRMN

(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
Long $GRMN - GARMIN. GRMN.NAS Long GRMN.NAS- @ best price available below 160. Currently trades @ 155 TA Highlights - RSI @ 24 and turning upwards. (add more on break of 30) - Bounce of 200 DMA - Bounce off lower Bollinger bands( on the 3 previous occasions this occurred in 2020, the stock went on to return 8.8% in the next 20 days. FA Highlights - CAPEX increased from 185m (2020) to 385 (2021) and managed to hold a steady cash flow. Should pay off in 2022 - R&D expense increase from 605M (2020) to 705M (2021) $705M. Should pay back with new to market products in 2022. Sector Highlights: - Garmin has 'moat' on marine and aviation GPS systems. - Aviation: revenue expected to normalize back to 2019 levels in Q1 and through 2022. - Fitness: European market for wearables increased 28.5% yoy through Q1 2021. Garmin fitness revenues increased by 31.5% suggesting increasing market share.
GLong
by JAM_ON_MARKETS