General Dynamics Corporation Stock Code GD.NYS
Outlook
Price has moved below the cloud two days ago and closed below the cloud. Conversion and Base lines have a bearish crossover as well, confirming the bearish trend. Lagging Span is below the cloud and below price of 26 days ago, reinforcing the bearish trend. MACD is bullish at the moment with both its lines above the zero line but MACD has a bearish crossover indicating a bearish price trend ahead. MACD is also moving lower. Price could be about to move lower to test the support at $171.87 or $168.29. The Ichimoku N price target comes in at $169.09
Strategy
$178.60 Short Sell
$169.10 Price Target
$183.20 Risk Management Stop
3 weeks Trade Duration
Home Depot Inc Stock Code HD.NYS
Outlook
Price moved below the cloud 2 trading days ago, triggering a bearish trend. Both Conversion and Base lines have a bearish crossover reinforcing the bearish trend. Lagging Span is below price of 26 days ago and below the cloud. As long as price does not cover yesterday’s gap, price is likely to move lower to $198.93. MACD is bearish with both its lines below the zero line. MACD is trending lower as well with no signs yet of a turnaround.
Strategy
$215.50 Short Sell
$198.95 Price Target
$220.10 Risk Management Stop
3 weeks Trade Duration
