Use advanced tools to confirm the Rectangle on GRMN before you trade.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Technical analysis of Garmin (GRMN) reveals a significant setup. With a last close of $234.2, volatility remains active (1.0%). Algorithmically, a Bearish Flag structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $228.87, targeting $180.3 with support near $242.36 (R:R 3.6).
What is your outlook on GRMN?