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HarmonicSwings

AJG Looks Like a near-term buy right here.

Long
Arthur J. Gallagher & Co. (NYSE:AJG)  
HarmonicSwings Updated   
NYSE:AJG   Arthur J. Gallagher & Co.
Harmonic Patterns Chart Patterns Technical Indicators
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harmonicpatterns chartpattern indicator
AJG is completing a nicely-formed buying point. We are looking for the next day in which the close is likely to be above the open. Let's watch this one with a buy reference point of today's close.
Comment:
It now looks like the signal confirmation will occur today with a close above the open. This could change in which case we would remain on the sidelines.
Comment:
.A close below 178.00 would be a stop loss exit at this point. The pattern looks like it could hold at the current level and then move up. A stop loss trigger would negate this patterns validity.
Comment:
With an entry alert at $181.60 (close at Sept 1) an exit signal will form Friday at the close.
Comment:
Exit at +-$188.42, closing price area on Friday. For option traders, this should have been a nice win.
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