Long
Break of Flag to upside in GKN
Price has broken flag after failing to reach lower tramline-a potential indication of strength.
The stock could also be starting wave 3 of Elliot wave theory which are long and strong in character.
Stop loss around 347 and targeting 440 initially which is about equal to the first wave 2 move.
I would say the aerospace industry will remain pretty strong given the current conditions of increasing passenger rates and demand for aerospace parts so a long position is fitting.
The stock could also be starting wave 3 of Elliot wave theory which are long and strong in character.
Stop loss around 347 and targeting 440 initially which is about equal to the first wave 2 move.
I would say the aerospace industry will remain pretty strong given the current conditions of increasing passenger rates and demand for aerospace parts so a long position is fitting.
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