Technician
Long

NAVISTAR: Potential for near term gains

NYSE:NAV   NAVISTAR INTERNATIONAL CORP
430 2 13
Taking 29.75 horizontal resistance and the 50-days simple moving average suggests a retest of the top of the sideways consolidation at 31.20 is probable.There has been a clear bullish divergence on MACD for the past months, and recently a bullish crossover as well.

I am expecting at least a retest of 31.20, which if taken will complete a double bottom and probably mark a near to medium term bottom extending the upside to the 200-days SMA as the next target.

Good luck...
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here http://thefxchannel.com/ ,
My best regards
Technician
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Great analysis of NAV. Thanks to you I now have my eye on a great stock. Here is my similar analysis.
Reply
TheOmega TheOmega
I expect NAV to make a quick push to 31.24 as that is the next near term major resistance. This level might push it back into a consolidation between 31.24 and 27.58. If however 31.24 is breached with momentum, then the next likely target I will be eyeing is 32.74.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out