GLE will a 9.8% surge in home completions ignite a 74% recovery?MJ Gleeson PLCLSE_DLY:GLEStockso_SimpleA possible medium term reversal could be taking place here with MJ Gleeson. As with most of the stocks I have been discussing in this article, there is some consistent sideways price action taking place, which is a sign the selling has been plugged. What we need to see now is either a catalyst in the news to upset the balance between buyers and sellers, or without any news, a lack of sellers can also allow the price to drift back up again. These are some of the dynamics that play out again and again, which we can identify just by taking a pragmatic view on the volume traded and the effect it’s having on the price. Again, volume is heavily weighted to the current price levels of 220p to 260p. The deep rejection in price alongside the huge spike in volume on Friday looks positive to me. Price target: 433p Potential reward: 74%