Globus Medical, Inc. (GMED), a leader in musculoskeletal solutions, is currently exhibiting strong bullish signals.
The stock has maintained a steady uptrend, forming higher highs and lows on weekly charts.
Trading above its 50-day and 200-day EMAs, GMED recently witnessed a golden cross, further solidifying its bullish momentum.
Key support levels is identified at $80. Volume trends support the uptrend, with higher activity during rallies and lower volumes on pullbacks, indicating weak selling pressure.
Momentum indicators like the RSI at 62 shows hidden divergence.
A recent bullish engulfing candle on the daily chart and a breakout from flag & pole confirm upward momentum. Traders can look for this breakout for continued gains.
Overall, GMED shows promising potential for further upside in the medium term.
The stock can easily go till 108-110 with a stop loss of 80 which is risk reward of 1:3X.
The stock has maintained a steady uptrend, forming higher highs and lows on weekly charts.
Trading above its 50-day and 200-day EMAs, GMED recently witnessed a golden cross, further solidifying its bullish momentum.
Key support levels is identified at $80. Volume trends support the uptrend, with higher activity during rallies and lower volumes on pullbacks, indicating weak selling pressure.
Momentum indicators like the RSI at 62 shows hidden divergence.
A recent bullish engulfing candle on the daily chart and a breakout from flag & pole confirm upward momentum. Traders can look for this breakout for continued gains.
Overall, GMED shows promising potential for further upside in the medium term.
The stock can easily go till 108-110 with a stop loss of 80 which is risk reward of 1:3X.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.