A strong company. This swing has a really tight stop limit loss. It appears to be a nice reversal pattern.
Textron's share value versus Jacobsen Competitors
Textron's share value versus Jacobsen Competitors
Textron's share value versus Jacobsen Competitors
Displays a chart of Textron's Share value against Jacobsen's competitors
Displays a chart of Textron's Share value against Jacobsen's competitors
Displays a chart of Textron's Share value against Jacobsen's competitors
A 1 Day interval view of Textron's share value versus Jacobsen Competitors
May calls out of time though, working on a new strategy
I will look for weekly breakup and possible run what described on the chart. Target is open for now but first resistance will be 45 area and I will look for more based on chart
Defense contracts and good sector performance will fundamentally drive the stock up. Good time to buy while trading in a flat 4th wave correction.
News flow looking good with Chinese market opening up to smaller aircraft soon. Only negative could be new shares could be sold to finance Beechcraft acquisition.
Price retraced to a heavy demand area, price will push up. Exit is slightly below the zone and target is at near by resistance.