NFE to break higher? New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Posted a Double Top formation.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our profit targets will be 38.71 and 40.71
Resistance: 29.00 / 30.50 / 31.58
Support: 27.88 / 27.30 / 26.20
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