NTRS - Possible bullish entry
This is a favorable setup for a long position on the daily chart.
- Clear structure of higher highs and higher lows since march drop.
- rsi not overbought and macd cross on daily possibly tomorrow
- Currently possible move up from 0.618 fib. if open on monday is a bullish candle this is a good entry. wait for confirmation
- first target is just under 100$. would take profit as high as investment + some extra and set stop loss to barely above entry. let the rest run and see if this can even go higher as weekly macd would suggest.
- Note: Price was last rejected at 200MA and this could act again as resistance.
- Clear structure of higher highs and higher lows since march drop.
- rsi not overbought and macd cross on daily possibly tomorrow
- Currently possible move up from 0.618 fib. if open on monday is a bullish candle this is a good entry. wait for confirmation
- first target is just under 100$. would take profit as high as investment + some extra and set stop loss to barely above entry. let the rest run and see if this can even go higher as weekly macd would suggest.
- Note: Price was last rejected at 200MA and this could act again as resistance.
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.