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BAE SYSTEMS are said to be cutting costs at the moment and will cut 1000 jobs.
This will only mean profits will improve over time and with geopolitical tensions high I think the mean value on this chart will be tested again if not the highs.
BAE are world leaders in defense and as long as Trump and Kim keep up this war of word I believe that the highs will be tested.
Looking at the profile we have found support in the weekly timefame at the vacuum level. Once the recent value area is tested then we can look at the candles to find out if a break is valid, look for how bullish price action is on the ...
shares will move higher but looking for a retracement before I look to enter.