GETY - +30% upside with 1:2 RRJust a nice breakout here on a growth stock. Growth should do well after interest rate reduction by the fed.
Not set-up. Due a breakout.
GETY trade ideas
$GETYBullish Bat Harmonic
Type 2 return, confirming buyers are here.
Sprung and backtested support.
It's a bit volitile but stop is a close under support. or you could be generous and have it below the previous low.
Targets = A & C points of the harmonic structure.
Getty Images (NYSE: $GETY) Earnings Breakdown
Technical Analysis
Getty Images A ( NYSE:GETY ) is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
The stock is moving within a rectangle formation between support at $4.07 and resistance at $7.41.
A decisive break through one of these levels indicates the new direction for the stock. The stock has marginally broken down through support at dollar 5.00. An established break predicts a further decline.
Key Strength
2. The revenue grew by 7.6% in the first quarter of 2023 from the same quarter a year ago. The net income grew by 36.25% in the same period. The earnings per share (EPS) increased by 36.92%
1. The return on equity (ROE) is 31.34%, the return on assets (ROA) is 15.28%, and the return on investment (ROI) is 23.18%. These ratios are higher than the industry and sector averages, indicating a high profitability
Looking at a rejection to 5.698 areaGot in at 4.19 thinking about taking small profit at 7.90.
And reload at 5.68 abd ride it till the 13.9 area, Final target in mind is at the 20.00 area
GETY - Gettin' ya that alphaGety price action has been consolidating at support and has, so far, been a laggard to price action over the past few weeks.
This set up presents a well established buying zone with an easy to follow format for anyone who is interested by this setup.
Have fun, trade safe, DYOR!
GETTY Strong buy opportunityWe 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.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GETY is the perfect sell right now, until the 1D MA200 breaks.Getty Images Holdings (GETY) opened just shy off Resistance 1 (8.25) today but got rejected, showing how much this level weighs as well as the Higher Highs trend-line. We consider this the perfect sell opportunity targeting the 3.45 Support 1 and the Lower Lows trend-line of the Megaphone pattern. We are willing to commit on a long-term buy on Gety only if the price breaks above the 1D MA200 (orange trend-line) and target Resistance 2 (13.66).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Getty SPAC tested low. Rumble tested low alsoNYSE:GETY
tested bottom
trending up
let's not get complicated
