Short term bearish unless some great news to move this stock up.

Short

Gilat Satellite Networks Ltd. (NASDAQ:GILT)

NASDAQ:GILT Gilat Satellite Networks Ltd.

I know there are rumors about ARKK investing in this but I think the news are priced in. Although long term this may go up, short term I believe will be a retrace. As of now the stock is Overbought on weekly chart and has a nasty "scissors" touching the 200 moving average. I would buy this but I will wait for a better entry IMO.

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