When the Price of (GRMN) Talks, People Listen

April 21, 2024, 23:24 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GRMN

• Buy GRMN slightly over 138 target 147.12 stop loss @ 137.6 Details

The technical summary data tells us to buy GRMN near 138 with an upside target of 147.12. This data also tells us to set a stop loss @ 137.6 to protect against excessive loss in case the stock begins to move against the trade. 138 is the first level of support below 139.52 , and by rule, any test of support is a buy signal. In this case, support 138 is being tested, a buy signal would exist.

• Short GRMN slightly under 147.12, target 138, stop loss @ 147.54 Details

The technical summary data is suggesting a short of GRMN as it gets near 147.12 with a downside target of 138. We should have a stop loss in place at 147.54though. 147.12 is the first level of resistance above 139.52, and by rule, any test of resistance is a short signal. In this case, if resistance 147.12 is being tested, a short signal would exist.

Swing Trading Plans for GRMN

• Buy GRMN slightly over 141.56, target 147.12, Stop Loss @ 141.15 Details

If 141.56 begins to break higher, the technical summary data tells us to buy GRMN just slightly over 141.56, with an upside target of 147.12. The data also tells us to set a stop loss @ 141.15 in case the stock turns against the trade. 141.56 is the first level of resistance above 139.52, and by rule, any break above resistance is a buy signal. In this case, 141.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GRMN slightly near 141.56, target 138.34, Stop Loss @ 141.97. Details

The technical summary data is suggesting a short of GRMN if it tests 141.56 with a downside target of 138.34. We should have a stop loss in place at 141.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 141.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GRMN

• Buy GRMN slightly over 140.58, target 141.56, Stop Loss @ 140.25 Details

If 140.58 begins to break higher, the technical summary data tells us to buy GRMN just slightly over 140.58, with an upside target of 141.56. The data also tells us to set a stop loss @ 140.25 in case the stock turns against the trade. 140.58 is the first level of resistance above 139.52, and by rule, any break above resistance is a buy signal. In this case, 140.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GRMN slightly near 140.58, target 139.07, Stop Loss @ 140.91. Details

The technical summary data is suggesting a short of GRMN if it tests 140.58 with a downside target of 139.07. We should have a stop loss in place at 140.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 140.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Garmin Ltd. (switzerland) (GRMN) available here: GRMN.

GRMN Ratings for April 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	128.54
P2	139.07	138.34	138
P3	140.58	141.56	147.12

AI Generated Signals for GRMN

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Garmin Ltd. (switzerland) (NASDAQ: GRMN) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GRMN can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.