0IUC trade ideas
$GD - In PlayLooking for this to run back towards the top of this sideways channel. Getting a good bounce off of 190 support. Looks like it just broke the short term down trend. MACD is looking for a bullish cross over with one more leg ups above 196. 196 will be tough short term resistance. There is bullish divergence formed on the MACD. The 9 EMA is about to cross over the 21 EMA and the price finally broke above both of these today. Entered at 195 break and may look to average down if we get a bounce off of 194. SL is currently at 193, but may also adjust after tomorrow's trading day. After the break of 196 this should have a smooth run to test 200 again. Will start to see a lot of resistance around 200 so may take profit at 198-199 if resistance looks strong early on.
General Dynamics - $GD - Options Play - Week of 5/14/18I'm looking to play some options (calls) on General Dynamics this week. Looks like $GD has dipped and reversed off of an ER beat of 6%. I'm looking for either a double bounce off of $195 or some other bullish signals to pick up some calls. I'll keep an eye on this and update as time progresses and we have more information.
GD-160411-CCI-VSA-G1W-POKER_FACEAn 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 the 0.328 of fibo.
Target 1: 115
Short for few weeks
“stocks do not rise in price unless demand exceeds supply. Demand is measured in volume and thus volume must precede price.”
Joe Granville
$GD - General Dynamics - Long from support areaGD 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. Target $150.