Long
Nustar Energy Distributor - Long setup
What I see...
+ Volume spike off of a inside hammer-like (red though)
+ The hammer-like bar was also NR7
+ RSI at 57
+ Positive MACD
+ 10MA crossed above; providing support
+ Upward trend line is also support prices
- MAs are under 200 MA
- Signal bar is red despite higher vol.
How I setup...
+ Long above week high
- Stop at week low
+ Target at high of mid-March before gap down
+ Volume spike off of a inside hammer-like (red though)
+ The hammer-like bar was also NR7
+ RSI at 57
+ Positive MACD
+ 10MA crossed above; providing support
+ Upward trend line is also support prices
- MAs are under 200 MA
- Signal bar is red despite higher vol.
How I setup...
+ Long above week high
- Stop at week low
+ Target at high of mid-March before gap down
Order cancelled
Missed entry; cancelling setup.
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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.