What do you think about this set up ? Are my targets set up correctly? I placed my targets using 2x Fibonacci levels. Using a 1:1 ratio from the larger trading range and the smaller range. Current price levels are also near a pivot point from a couple of months ago. If it breaks over that pivot point i believe it will go much higher.
Leidos has been in a bullish trend since last year. During this course of this trend, the stock has move down after hitting resistance. This resistance was struck once again on May 25. May 25 also paved the way for a double top, which is a bearish signal. I will outline why the near-term movement is likely to the downside below.
When we take a look at other...
