Hey people, GATX CORP is in a fake bearish movement with a strong sell volume traded and a hammer candle. In the TIMEFRAME M1 we see a large hammer candle upside down with a large volume of sales made, it bounced off the VWAP in its swallowing. For a retest of the base then of the highest in order to go to the top of the consolidation zone and test it. Great...
GATX: GATX Corporation 2019-01-25 12:52:08 GATX Corporation Announces Quarterly Dividend Increase and $300 Million Stock Repurchase Authorization
My first view of a stock is a 10 year weekly chart and even I Look more back in the time for establish old and relevant support and resistance levels. Then I do a zoom in and I focus in the action of the last 2 or 4 Years. Then I look my daily chart and 4-Hrs Chart too, this is called Top down Analysis with multiple time frame. Thanks to this, I identify a key...
GATX broke-out and retested previous resistance. Ramping volumes and Weekly & Monthly charts support the Long Idea. Medium targets 66.95 and 69.88 Looking Weekly & Monthly charts suggest it could even reach an area near 79.00