AJG has formed a rounded top with breakout. I expect this one to at least go to $72 this week.
Enter long if high breaks out above recent highs; Stop below recent "stable" low.
Enter long if today's high is taken out; 2:1 target
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. Price is likely to oscillate within the parallel channel. Market is currently closed. No market activity presented so far. We ll try to find an entry price between 65.70 - 66.04 just after the opening bell. Furthermore, a complimentary "If Done"...
If price moves lower the next resistance level, a short trade could be proftable.
Although this pattern is reliable, there is a bullish doji star formed Friday's price action. If price opens above Friday's close and closes above Friday's high this downside breakout is nullified otherwise, the security is a good short candidate with price target $31.50 or 9% downside move. Confirmation is needed Monday!