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Greenhill & Co., Inc. Message Board

  • keybotthequant keybotthequant May 3, 2011 4:47 PM Flag

    GHL Chart Positive Divergence

    GHL Chart and Commentary:

    GHL Greenhill daily chart shows the falling wedge in place along with positive divergence. Same look on weekly chart so a nice large bounce would be in order from this area, perhaps a few pennies lower. A gap fill at 61 servies as an intial target.

    GHL is an M&A favorite to play. Perhaps some of the fall from grace since the start of the year is due to GS stating recently that M&A action has been light.

    For GHL chart google keystone speculator or view at stockcharts public charts list keystone speculator.

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    • GHL has been bottoming over the last couple months, it took a little patience to wait for it to sort out the bottom.

      Once the neck line is broken at 55, the target is 62.5. GHL lookin' good.

      GHL Daily Chart:

      GHL Greenhill has been bottoming the last couple months, notice the oversold conditions, falling wedge and positive divergence that launched it off the bottom in early June (blue lines). Now an inverted H&S is shown by the pink lines. Head at 47.5, neck line at 55.0, that is 7.5 difference, thus, 55.0+7.5=62.5 target.

      Note the gaps shown by the green circles which are attractive targets as price moves up. The weekly chart is constructive to the upside as well. Price needs to punch up thru the neck line to place the inverted H&S and 62.5 target in play. GHL will move up on M&A news by other companies so keep your ears open for M&A talk, especially on the 'merger Monday's (mergers are typically announced on Monday's after the deals are finalized on the weekend, sometimes on the golf course).

      Once the neck line at 55 is touched, GHL should rock to 62.5 as the summer plays along.

      For GHL chart use search box above for keystone speculator or view at stockcharts public charts list keystone speculator.

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