From the 2H chart GPrRO is in early reversal two days before earnings sitting at a bottom on the POC line of the volume profile. The MAC profile shows a line cross under a small histogram. Right now momentum is subtle and sluggish but could accelerate quickly in the approach to that earnings report. Based on the chart, I will target the July 18th pivot high...
Malibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback. As always, this does not constitute investment...
Had some drawing practice. x -axis (time) is not scaled correctly. Pay only attention to price action. For recreational purpose only.
Ready to make new high. CEO said they are sold out of boats. In an economic recovery BRUNSWICK is the last to comeback AND NOW IT IS COMING BACK STRONG with low interest rates for boat purchases and cheap gasoline (finally!!!!!!). Technicals are all GO, several attempts to try to blow thru $56 resistance. Earnings are diluted due to a reversal of some cryptic...