An speculative idea of NYSE:GD We can see how the volume have a big drop down starting the week, meaby can be a hammer at weekly end, or continue the drop. The RSI (price) have space for a big down and the VSA_CCI is recuperating or simply will be down a "little". The Heikin Ashi of the volume weighted price is forming a descending wedge and is easy the route to...
NYSE:GD has a volume spike, if we make a volume spread analysis can observe how is filling a flat bottom triangle, the expectation is short. I don't see this volume spike in the graph from 2011.
Ideas, comments and corrections.
They are always welcome
NYSE:GD meaby is developing a megaphone structure, the CCI and the RSI confirm how is involved in a downtrend. (this is clear in price chart)
Target 1: 0.23 fibo almost 125.7 usd
This is about as far removed from it's 12 year moving average as it gets, same for the 12 month MA too. So either the 200 day MA acts as support or T1: $115, T2: $97, T3: $75
GD is in oversold territory on the RSI(2). Price is also in the supply zone so look for long positions from this point. Price could test the ascending trend line at around $140.
ER is out on the 29th and previous ER's have surprised Wall Street on the last 3 occasions. This is a strong stock with a strong fundamental basis. The technicals are falling into place....
Primary uptrend
Break above the recent level was attempted few times this year.
Friday's weakness was bought quickly
Will buy either above last week's high or on HL on 30 mins chart
