GFRD broke out from consolidation on Friday 13th November 2020, the SP has been consolidating, and now breaking out this chart only shows an anticipated move; but can also fall back, this my idea, and depending on Market feasibility this can be different.
I expect the descending triangle resistance line will break on the next test, which will give Galliford Try a slight boost - most likely to around 177.62 initially
Galliford Try has recently landed several large contracts which will help on its recovery and help break future resistance lines. For now this stock looks very undervalued and has great growth potential!
GFRD - great company, recently sold its house building business to Bovis home which ended the long lasting Hybrid business model.
With over £1M cash in the company and £1B order book and a very much debt free. £1.20 per share is relatively cheap.
Technical wise, trend line resistance level been tested multiple times now and today volume surged and the Bulls won,...
I have been looking at a number of companies that are just outside of my screening criteria including #GFRD which fails on EBITDA margin and its current price relative to its 50 and 200 DMA. I concluded that the recent price drop is largely due to it going ex-dividend concurrent with a general cooling in the markets in the past week or so, on top of the charge it...
