The trendline of the uptrend which started in May 2023 was breached in early Aug 2023. However, GATX is holding 100 EMA and holding support of 122. If it falls below this first support of 122, it is likely to bounce back from the second support of 119. If not, it may go into a long downtrend, reaching levels between 100-110.
Squeeze Momentum indicator is bullish. If GATX bounces back from its current support level of 122, it is likely to meet resistance at 127.5 - the high of double top formation.
Squeeze Momentum indicator is bullish. If GATX bounces back from its current support level of 122, it is likely to meet resistance at 127.5 - the high of double top formation.
Comment:
Now bearish than bullish. Lost the support of 122.
Comment:
Also lost the support of 119.