Shahi_bak

GILT about to reversal!

Long
Shahi_bak Updated   
BATS:GILT   Gilat Satellite Networks Ltd.
It seems it is a time for reversal of $NASDAQ:GILT.
A nearly prefect bullish butterflies harmonic patter is observed at 5.28$.
The stochastic is in oversold region.
GILT already tested this resistance 3 times from October 2022.
My stop loss will be at around 5.12.
First price target around 6.20 at 200 MA which is on Fib 0.5 and second price target at around 6,70.
Good luck to all
Comment:
Well, It hits my first price target and backed to the previous support. At this level I will load more shares again., Good luck to everybody.
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