Expecting the price to be climbing back above the long term trend line. Areas marked to look out for. Analyst target at 70 USD.
GXO Enjoyed a nice uptrend between August 2021 – December 2021 Price has made attempts to bounce back up but continues to make series of lower highs. The lower highs have now made a down trendline acting as resistance Price is currently at trendline and under 50ema Yesterday we had a gravestone doji at resistance. This is my que to enter short trade Entry:...
$GXO exhibited RS for the whole of this week. HVC out of its wedge pattern but still below ATH VWAP. would be wise to take a position only above 50MA since it is just barely $2.50 away. it gives more affirmation to the momentum that it may be building up
When an IPO is managing to hold its own in a market like this, I take notice. $GXO big potential if this setups continues to evolve to my likings. Watching and closely.
$GXO bouncing off its IPO AVWAP at every pullback of its HTF. basing out of a two weeks consolidation, punching through all short term MAs and ATH AVWAP. actionable trade for the week
Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA |...
Marked up chart for GXO. Good fundamentals + increased fund sponsorship + strong RS
$GXO looks incredibly strong and setting up a bull flag after is 85% run up since its IPO day. Defiantly worth keeping an eye on tomorrow.