Aug. 31 at 1:27 AM
$GIS structural progression continuing to execute cleanly.
The brief consolidation shelf right at the descending 200-day SMA did its job... overhead supply was absorbed, and buyers have stepped in to drive a decisive expansion candle above it (
$41.55 close, +2.74%).
The technical shift across the board:
Support baseline: Former major resistance at the 200 SMA (
$40.08–
$40.42) now flips to S-1 (prior resistance turned support). Below that, the completed 50/100 SMA bullish cross (~
$35.74–
$37.22) anchors the macro reversal structure built from the
$31.75 52-week low.
The path ahead? IMO, barring an unexpected rejection or structural breakdown back below the 200 SMA (always respecting macro crosscurrents) the path of least resistance remains tilted toward our upper targets:
R-1:
$45.65 (Natural horizontal supply)
R-2:
$49.59 (Macro Feb pivot)
All told, tape is proving itself step by step. Letting the trend expansion work. Giddy up!
Please do your own DD. NFA.
