INMD - TA Update 4 Dec 2022
Bullish Scenario
- Cup & Handle plays out fully
- Handle formed with bounce off 35+
- Needs to break 40 to play out bullish price action
Bearish Scenario
- Double top play out with neckline break of 35 (note that double tops are only double tops if the price action break below neckline)
- Bearish target is 30
- Good support at 28
Upcoming key catalysts
- 9 Dec PPI
- 13 Dec CPI
- 14 Dec FOMC
Upcoming price action
Likely to be choppy and not any major moves until the above key dates, with 13 Dec CPI the most anticipated data to be released to date as it will again influence how Powell speaks on 14 Dec.
Xmas rally?
That's when we will know whether we will have the X'mas rally!
@CaptainTiger @TigerStars @Deposit @YTiong
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- CyrilDavy·2022-12-04there has been one very consistent pattern. When INMD moves up volume is much higher than the down date over the past few months. Down today and not even 400,000 shares traded :-)1Report
- CatherineGunter·2022-12-04nice opportunity to add here! Continues to look more & more constructive after breaking out & bouncing off previous resistance.1Report
- PandoraHaggai·2022-12-07I don't think InMode will have a double top. Isn't it?1Report
- MortimerDodd·2022-12-07Don't worry, InMode will get strong support on 28.1Report
- DonnaMay·2022-12-07You're right, breaking 40 is very important for it.1Report
- Maria_yy·2022-12-07I'm really pleased with InMode's recent performance.1Report
- CrystalRose·2022-12-04I decided to buy some more here... don't think it'll go any lower. Will trim the next time it rips.1Report
- EvanHolt·2022-12-07Let's see what the FOMC does to InMode1Report
- BellaFaraday·2022-12-07If it chooses to retreat, I will buy it.1Report
- Zarkness·2022-12-04Warm1Report
- SmileBaby·2022-12-04k1Report
- W00000·2022-12-04👍👍👍1Report
- AliY·2022-12-04thanks1Report
- Sginvest·2022-12-04Ok1Report
- Xpeajs·2022-12-04T1Report
- fysx49·2022-12-04like1Report
- Leon8985·2022-12-04Mok1Report
- ChaoAhBeng·2022-12-04Thanks1Report
- EPK·2022-12-04K1Report
- DavidSG·2022-12-04Great1Report