NNE
may be one for your watchlist. This one has had a nice uptrend since its IPO sell-off and has put in a series of Higher Lows (HL). It has just tested the 50 DMA (red) and has a nice green hammer candle off that area. It looks to be struggling with the 10 and 20 DMA’s right now.
I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower time frame chart to look for a good entry with a tight stop. There could be resistance at the AVWAP from the most recent high which is something to be aware of.
In summary I am looking for this one to continue its uptrend after this shake-out and consolidation. All TBD.
I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower time frame chart to look for a good entry with a tight stop. There could be resistance at the AVWAP from the most recent high which is something to be aware of.
In summary I am looking for this one to continue its uptrend after this shake-out and consolidation. All TBD.
Trade active
I took
NNE
long today as it went over the AVWAP. I'll place my stop on a close below the 21 EMA (darker green line)