A Member Request: $BWXT, First Impressions

A member has requested that I look at $BWXT and I forgot for over a week (I’m sorry about that). I haven’t studied it before now, so I will give some first impressions.

This large structure would generally be interpreted as a triangle. It’s not clear to me whether the E wave is done, but they often fall short of their trend lines (but not always). In this neighborhood, I would generally have a bullish bias on this, personally. After such a long period of consolidation on such a large scale, it may run for years and years after this.

BWXT