A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Traders are watching General Dynamics (GD) as price action tightens. Currently at $350.01, the asset is showing downward momentum (-3.53%). Price action has carved out a classic Bullish Flag. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $366.8, targeting $426.83 with support near $341.0 (R:R 2.33).
What is your outlook on GD?