Simple Setup
GD made a new all time high with nice momentum
price tested previus resistance now support at 205
as long as price above 200 and trendline the trend is up
GD is on the way up, even it is on the highest price which is 200 to 203, all the index shows its strong motivation going up.
my expected entry price is 198 to 200, it is a long term investment
An speculative idea of NYSE:GD We can see how the volume have a big drop down starting the week, meaby can be a hammer at weekly end, or continue the drop. The RSI (price) have space for a big down and the VSA_CCI is recuperating or simply will be down a "little". The Heikin Ashi of the volume weighted price is forming a descending wedge and is easy the route to...
NYSE:GD has a volume spike, if we make a volume spread analysis can observe how is filling a flat bottom triangle, the expectation is short. I don't see this volume spike in the graph from 2011.
Ideas, comments and corrections.
They are always welcome
NYSE:GD meaby is developing a megaphone structure, the CCI and the RSI confirm how is involved in a downtrend. (this is clear in price chart)
Target 1: 0.23 fibo almost 125.7 usd
GD is in oversold territory on the RSI(2). Price is also in the supply zone so look for long positions from this point. Price could test the ascending trend line at around $140.
ER is out on the 29th and previous ER's have surprised Wall Street on the last 3 occasions. This is a strong stock with a strong fundamental basis. The technicals are falling into place....
