Bullish form in NNE
NNE shows several bullish signs that indicate a strong potential for an upward move.1) An ascending triangle form and cup and handle form.
2) Reaching the bottom of an ascending channel + 50 SMA is used as a support.
3) Bear gap at $28.6 that may be closed quickly, considering the fact that
NNE tends to have no gaps at all. In general,
NNE looks very attractive with a great bullish potential.
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