I'll do my best to leave the politics out of this. Mass shootings are in the spotlight again, and it would be obvious in hindsight to see a boost in demand and sales for security systems such as metal detectors. NYSE:GWW , who just teamed up with The Mom Project, had $13 billion in sales in 2021 and is a leading distributor with operations in North America,...
KEEP THE CHART SIMPLE
GWW is approaching our first support at 255.20 (horizontal overlap support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 284.50 (horizontal swing high resistance, 23.6% fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Above the 40DMA (October 16, 2018) – Critical Stock Market 200DMAs Pass the Oversold Test October 17, 2018 by Dr. Duru AT40 = 20.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 4-day oversold period AT200 = 39.6% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.6 (drop of...
GWW looks very good long setup as it forms perfect fallen angel formation with Moneyflow divergence. Moneyflow also rising steadily & recently turned to positive. We think it has good upside potential. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $185.73 Exit Target Criteria-...