Signals 17/07/2020
Hi Guys, we were away for a while, but we’re back with some signals
EURUSD – the price is trying to hold above 1.14030, if it manages, long with a target at 1.15. If it impulses below, short at a pullback with a target 1.134
XAUUSD – The price is trying to hold above 1795, I recommend a long with a target at 1900
MSFT – I expect a...
GD could go up to $144 area. GD is neither overbought not oversold. Which means this is sitting solid. However GD has a 200 day moving average of $170.14 so you have to wait for confirmation. Which is at $137.
First off, don't take anything I say seriously or as financial advice. This is on opinion basis (as always). That being said, let get into my analysis. I am hoping for a positive earnings call for General Dynamics tomorrow, which is why I recommend getting this ASAP as it is worth the risk to me. Likely, it will pass the $140 price point if that is true real soon...
GD - Tenkan sen crossed over Kijun sen and price moves up. Cloud ahead predicts sellers will sell from their purchases from March low of $100. On the other hand, the Fib from recent low and high shows a 61.8% point is likely around $153 - $155. This would be the glass ceiling or resistance level for now.
Looking at the potential test on the high of the fib channel. Currently experiencing some resistance and looking to potentially break and test down below the trend line.
www.cnbc.com
The day chart shows GD facing an inflection point now, precisely it is in a symmetrical triangle pattern where it can breaks out either way, up or down.
I am more inclined to go with the upside rather than down for various reasons I shared on S&P500 chart.
Let's see how it perform over the next few weeks.
Possible entry levels @ $180-$185
Well below the $206 average analysts price target.
P/E ratio 15.46
General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It is organized into four business segments: Aerospace, Combat...
GD: General Dynamics Mission Systems
2019-12-18 16:30:00
General Dynamics Mission Systems Receives $299.9M Sustainment Contract for Ballistic-Missile Submarine Fire Control Systems Modernization and Maintenance
High Vol & High Beta Stock.
RSI <15 and PA finding S/R at level 187/188 zone
Looking for Reversal to mean higher.
Taking 185/180 Put Credit Spread.
Also picked up 190 Call for Directional Bias Higher.
Oct Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
