1st Feb 2012 – Pattern Study - Garmin found his GPS.

Ticker:

 

1. GRMN

 

Topic:

 

1. Garmin finally find his way back with his own GPS.

 

Lesson Learnt:

 

1. Price was circulating in between the long term monthly chart 20MA line for about 1 and a half year. That is a very long time.

2. Price now start to leave its 20MA line and has overtook the previous top trend line.
3. Price kept increasing for the past 3 months.
4. All secondary indicators are shouting for entry.

 

Intraday Chart

-NA-

Historical Chart