GHL Greenhill Daily Chart Inverted H&S Gaps M&A

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. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.