Hello traders, GILDAN ACTIVEWEAR is in a bearish fake dynamic with a form of marubozu with a trace of sellers and a high volume of buy issued. Looking at the TIMEFRAME M1 on observed a marubozu with a low negotiated sales volume return, she came to test the top of the comfort zone to test her. Then come to the next lowest that is in the zone make its trend reserve...
Hopped in a March 19th put. Brief details in photo. Running on short time at the moment. Sorry for short analysis.
What do you think?
Like, Follow, Agree, Disagree!
**GIL**
Key levels: 28.79, 30.52
Bearish below: 28.79
Bullish above: 30.52
GIL is attempting to hold up above 30.52 support however the larger time frame suggests we have more pullback to come. We will be watching for the support at 28.79 to hold (expected to test inside the next 2-3 weeks).
Gildan Activewear, Inc. engages in the manufacture and sale of printwear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand name Gildan, American Apparel, Comfort Colors, Gold Toe, Anvil, Secret, Silks, Kushyfoot, Peds, and Mossy Oak. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montréal, Canada.
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