GETTY Strong buy opportunity
We last looked into Getty Images Holdings (GETY) on April 24 giving a timely sell signal (see chart below) as the price got rejected on the 8.25 Resistance, failing to break above the 1D MA200 (orange trend-line):
The stock is forming a Channel Up right now, having broken above the 1D MA50 (blue trend-line) and about to test the 1D MA200 (orange trend-line). If it closes a 1D candle above it, it will be a bullish break-out signal and we will buy targeting the top of the Channel Up and Higher Highs trend-line of the Megaphone at 9.00.
It is worth mentioning that the 1D MACD just completed a Bullish Cross. Every time this pattern emerged below 0.0000, the stock price rose significantly.
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The stock is forming a Channel Up right now, having broken above the 1D MA50 (blue trend-line) and about to test the 1D MA200 (orange trend-line). If it closes a 1D candle above it, it will be a bullish break-out signal and we will buy targeting the top of the Channel Up and Higher Highs trend-line of the Megaphone at 9.00.
It is worth mentioning that the 1D MACD just completed a Bullish Cross. Every time this pattern emerged below 0.0000, the stock price rose significantly.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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