ENTRY: 1.15 SL: 1.35 TP: 0.835 - ADX>20 - RSI>30,RSI<50 - Daily RS -ve - Daily FFI -ve - Weekly RS -ve - Weekly FFI -ve - Brokedown from monthly CPR on 4 Mar 2022 - Breakdown from range today - Would like a higher volume
My Trading Bias is Bullish because of the clear break of the Bullish Wedge Pattern followed by a clear Backtest, then a decisive move to the upside with very High Volume. TP1 - $3.00 (Potential Gain 20%) TP2 - $3.20 (Potential Gain 25%) Stoploss - $2.240 Please note these are my own notes, by no means trading advice. Please do your own research before entering...
I believe that there is a great buying opportunity in NEA, as it has been forming a clear Bullish Pennant since the end of August. It is clearly a continuation pattern and has been consolidating within this pennant. If Price Breaks this pennant with High Volume, this may be a sign that Price may continue pumping up with force and reach the (Resistance 2 - Zone)...
Near Map Breakout From Ascending Triangle Pattern with high volume..Hoping for a Gap up opening tomorrow on earning day MACD Crossover also complete with sharp angle Near Map should continue its Trend in the upside
Worth adding to the watchlist. Breakout or Break down coming soon. The XJO is bullish at the moment, technical indicators are bullish. So it is more likely to go higher at this stage. But we should not buy right now and should be patient + wait for confirmation.
According to the triangle harmonic pattern and resistance lines, the next nearmap target is $4.3 zone .
Swing trading: 21 March - Price at $2.70, Volume is 1.8mil so good, Weekly Elder Impulse is blue & Daily is red, MACD Histogram ticked down for bulls. FI is going down as well. Looks like Kangaroo tail formed at right edge which would indicate that prices can move in opposite direction. Pricing encroaching on Fast 11 day EMA and still well above slow 22 day...
All the hard work has been done, now for the real move up