How to Trade NAV
Updated
NAV -3.52% is trading in this Ascending Channel which means you should sell at the red line and buy under the green line.
The marked zoned marks the buy/entry zone.
Could expect to test black line support. If falls below this support, I would hold out until it gains some footing.
Alternatively, you could enter a LONG position if it breaks the upper resistance (red) line with high volume to back it up. This would be a very bullish signal.
DISCLAIMER:
I'm relatively new at trading so take this advice at your own risk! Happy trading everyone :)
The marked zoned marks the buy/entry zone.
Could expect to test black line support. If falls below this support, I would hold out until it gains some footing.
Alternatively, you could enter a LONG position if it breaks the upper resistance (red) line with high volume to back it up. This would be a very bullish signal.
DISCLAIMER:
I'm relatively new at trading so take this advice at your own risk! Happy trading everyone :)
Note
Testing the support on the black lineNote
Bounced from support on the black line with a bullish engulfing candle.Note
Has broken the black line support level downwards. Steering clear until it finds support on the red line of falling wedge on my other analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.