Will GMED Catch a Bid at Channel SupportGlobus Medical, Inc.BATS:GMEDNinjaCodeSolutionsTrade Summary 📝 Setup: Channel squeeze at multi-week support; volatility contracting. Entry: Entering at market (current price ~$56.34), bottom of channel. Stop‑loss: $55.50 (tight stop under structure). Targets: $62 (channel top), $70+ (gap area), $85.27 (analyst 1-year target). Risk/Reward: Strong; defined risk, multi-level upside. Technical Rationale 🔍 Channel base tested several times; buyers defending $56 area. Compression pattern—price “coiling,” often leads to explosive moves. Momentum trigger: Break above $60 could attract breakout buyers and short cover. Catalysts & Context 🚦 Analyst 1-year target: $85.27 (+51%), “Buy” rating. Recent market pullback has GMED holding steady—showing relative strength. Watching for sector rotation into healthcare/medtech. Trade Management Plan 📈 Entry: Executing at market, stop at $55.50. Stop-loss: Hard stop at $55.50 to minimize risk. Scaling: First target $62 (channel top), then $70+. Hold a runner for $85.27 if breakout has legs. What’s your move on GMED? 🔼 Long—Bottom fishing 🔽 Short—Breakdown risk 🔄 Waiting for $60+ breakout Disclaimer ⚠️: Not financial advice. Trade at your own risk and use stops!