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


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.