GRMN - BULLISH SCENARIO
Garmin Ltd. is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is legally incorporated in Schaffhausen, Switzerland.
The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.
Last month the company reported its fourth quarter and fiscal year 2022 results.
Overall, the reported results were satisfying among the different businesses in the company's portfolio.
An increased revenue and margin profit is expected by the management in 2023.
Short-term possibility for an uptrend movement in the price channel to the $ 110 resistance level.
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The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.
Last month the company reported its fourth quarter and fiscal year 2022 results.
Overall, the reported results were satisfying among the different businesses in the company's portfolio.
An increased revenue and margin profit is expected by the management in 2023.
Short-term possibility for an uptrend movement in the price channel to the $ 110 resistance level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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