The PEAD projected a Bullish outlook for $GIB after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
After checking monthly chart for CGI stonks I saw that Elliot's cycle has been finished and now it's time for A wave.
Consolidating since the end of April on Weekly. Stop: $87
$GIB posted its earning with a positive under reaction proceeding the release with the PEAD projecting a bullish outlook for the stock as it is currently trading Just below the lower boundary of the projected PEAD cone. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
What I see... :: Prices bounced back from mid-March low and peaked at $65 + Prices pulled back and found support at 50MA + Friday's close finally managed above 10MA after a week-long sideway move + RSI at 53 + Bollonger is the narrowest in months, although still not a squeeze + Bullish Engulf from Friday's close - MACD is under the signal bar - Bollinger is still...
GIB: CGI Inc. 2020-04-29 08:30:00 CGI awarded $267M Continuous Diagnostics & Mitigation contract to improve cybersecurity posture of 75+ Federal agencies
NYSE:GIB This still open trade of ours represents the trailing stop strategy that allows you to optimize your unrealized gains and quickly cut any losses. This way of trading allows us to obtain what we often mean Risk/Reward 5:1, which we know well because analyzed for decades and applied for years with identical results. The % of realization is around 45% of...
GIB: CGI Inc. 2019-09-03 09:00:00 CGI Acquires Sunflower Systems - Leading Provider of Asset Management and Services
NVEE: NV5 Global, Inc. 2019-07-30 08:00:00 NV5 Awarded $20 Million in Power Utility Contracts Supporting the ENERGY 2021 Initiative
GIB: CGI Inc. 2019-07-30 07:30:00 CGI wins $222.9 million contract to develop electronic Procurement System (ePS) for U.S. Navy and Marine Corps
GIB: CGI Inc. 2019-07-15 07:30:00 CGI awarded major contract for managed IT and support from the Public Transport Administration in Stockholm
GIB: cgi group 2018-02-26 06:30:06 Detected possible stock repurchase
Fundamentals: CGI is an IT company based in Canada that delivers end-to-end IT outsourcing services for communications, financial, government, health and other industries. Seems like very stable company from funadamental point of view: large capitalization, not overvalued, debt to equity is okay and short float is low (a little people betting on short side). But...