Short
Not done quite yet
I've got this one going down to the $7s based on a fib retracement. This one hits the fibs nearly to a T, so just based on a TECHNICAL perspective, I've got NWL hitting that 3.618 down before it starts showing anything resembling a bottom. Obviously, a straight-down scenario to that 2.618 is hard to see; there would have to be slew after slew of bad news and earnings for that to happen. You'll see a little bit of a limbo-zone around $13-14 for a while I'd say. This is a long-term target that I'll peg somewhere in the Q3-Q4 2019 range til it hits that level.
Note: I'm an amateur at TA and I'm just using what I've learned so far. Please use with caution, this is just what I'm seeing on my end.
Note: I'm an amateur at TA and I'm just using what I've learned so far. Please use with caution, this is just what I'm seeing on my end.
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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.