Neutral pattern until a trendline is broken with a confirmed trend in that direction.
Spinning top (candle of indecision) is hanging on the top trendline.
The 20 has crossed up and through the 50 DMA.
No recommendation
NOC has been consolidating below the 490$ resistance since march.
Technical Indicators are nowhere near overbought, while price action contracted.
Once it expands, there could be a massive pop upwards, since fundamentally there are just too many good things to ignore.
Stock looks like a prototypical William O‘Neill break out candidate.
I‘m long.
No...
Details on the chart.
Long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only long only...
I wanted to post this yesterday, there is still time though.
I can point out the double top, I can point out the huge divergence, or how the market is overbought...
However on June 6th, a ton of financial media companies such as investors.com were saying this was a solid buy.
This is the prime example of why the "news" or any other FA is not in my trading....
Entry with a super tight stop close to the danger point of making an outside day. A tight stop and the liquidity of this stock gives the opportunity to go bigger on size.
Avg Cost: 461.06
Bought: 18K
Risk: 150 USDs
Risk: .92%
NOC getting closer to a breakout
12 Weeks Long Base
Making Higher Lows
Showing Great Relative Strength
Institutional Ownership: 84%
Measured Target: 540
The PEAD projected a Bullish outlook for $NOC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
The PEAD projected a Bullish outlook for $NOC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red ma can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor pls.
Northcop Grumman Corporation
As you can see, this company is on all-time high, we have a strong demamd zone on the daily timeframe.
This buying opportunity is a high quality setup. And it has a high probability to hit the take profit.
