Granite Construction Inc. has its 5 week declining stock price rejected with bullish engulf candle at the support level (44). Will this rejection cause the price to begin another bullish run?
N.B!
- GVA price might not follow drawn lines . Actual price movement may likely differ from the forecast.
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Bullish channels, we are now experiencing the right leg of the structure which is a bullish leg.
This is were price breaks out of this channel. In both situations.
Had to use the Weekly timeframe to show both of these channels correctly.
