Use advanced tools to confirm the Rectangle on GRMN before you trade.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Traders are watching Garmin (GRMN) as price action tightens. Currently at $243.03, the asset is showing upward momentum (1.22%). Price action has carved out a classic Bullish Flag. Volume is average (0.48x avg) with moderate trend strength (4.9). A potential breakout level is identified at $253.49, targeting $283.79 with support near $235.76 (R:R 1.71).
What is your outlook on GRMN?