“Brian Shannon on TraderTV Live 9/29/26”
GXO is technically weak on the short side; price is below key anchors with declining moving averages, indicating a potential rollover.
and I think GXO is balancing on the edge of the abyss here on the short side. Here is a weekly chart. You can see that we are all below all these important anchors, including the lowest rates there, which were initially support and are now resistance.
All these moving averages are declining. It just breaks this little triangle, you know, into the descending triangle, and then into the daily timeframe, it's just there. I mean, it's ready to roll over.
In the worst case, I think the stop-loss will go just above the 20-day moving average.