I have not reviewed the charts of InMode (INMD) since March 20 of 2020 here, where I wrote that, "There is a saying that if you don't attack you will never earn a Navy Cross, but if you don't see a base pattern you probably won't buy a stock too soon. I would wait before buying INMD."
We have waited long enough so let's check out the charts again of this maker of a skin rejuvenation device.
In the daily bar chart of INMD, below, we can see that the shares have been in a strong uptrend the past 12 months. INMD has soared four-fold in 12 months -- impressive. Prices are in a parabolic-like rise above the positive sloped 50-day moving average line and the rising 200-day line.
The On-Balance-Volume (OBV) line has risen steadily the past year and the Moving Average Convergence Divergence (MACD) oscillator has been above the zero line for nearly the entire past year.