5th wave for NOC 320s, to 400+?

15. Juli 2020

looks bullish to me. weekly and monthly charts are both on major supports, 200 ma and 50 ma respectively. not to mention a substantial block of volume from 290 to 330, which makes me think price will be brought back to the top of the volume zone. on the daily chart you can see price was lost under the 23.6% fib retracement from jan high to mar lows, however recently recovered today. furthermore, the most amount of volume on the stock in the past couple years is at 295, which should mean price should be hard to get below that level. from a technical standpoint, 309 and 322 are my shorter term price targets (1-2 weeks). 325 should come shortly after that, given it has the support from the news/the rest of the market. thanks for coming to my ted talk