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NATIONAL GRIDNATIONAL GRIDNATIONAL GRID

NATIONAL GRID

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NGR/N trade ideas

NG. - Long: bull flag breakout NG. has formed a bull flag with a falling parallel channel and is about to breakout. Bull flag is a continuation pattern so woith complete formation of bull flag, expected price target is 1230 which 24% profit from current price. If we connect two highest points on a weekly point, they coincide with the same price target of 1230, completing formation of a bull flag. Price is also above SMA200. If price retraces back to lower parallel channel trendline, this would be a good add level as there is strong support zone in Weekly timeframe Enter: Current Market Price SL: 930 TP: 1230 R/R: 1:3.89
LSE:NG.Long
by I_M_Shoaib
2
NG - Multi year Asc Tri - will it close the gap and pop 30%? If bullish - prior triangle broken down, ends up touching BAGL for limit order fill Still have prior leverage from prior Asc Tri aggressive limit order filled on BAGL Decided not to close out on stop as gapped lower - nurse maiding the trade Bullish case is to hold on and see if the gap fills setting sell order inside top of gap Then to re- acquire if the price goes back for another BAGL touch Disclaimer - purely for fun, and interest only. But I will give a huge smile if it works out! This would be a great example of how to manage a trade when the MM gap through your stop on unpredictable new news. Now that the election in UK - voting today right at the resistance point which is also interesting On yearly patterns these can be forgiving if you find yourself underwater in the red on a trade due to aggressive early entry. What is the best thing to do take the loss or manage your way out of the trade. I choose to manage the way out and I am now today OK. So would I if I consider the bull case enter again long here to grab the gap ? I think so, if I am wrong its enough time to get out flat. If I am right and the Asc Tri breaks up then you are looking at 30% return for an almost zero risk. If we have another leg down to the BAGL look to fill with limits if bullish
LSE:NG.Long
by William_Playfair
NG (National Grid) long LSE:NG. A stock I will be keeping a close eye on this week is NG or national Grid a ulisities giant with a market cap of 29 billion, it is the largest UK provider of energy and has a presence in the US market. NG has struggled since May to break the 864 level and is approaching that zone again, ten day volume is massively below its longer run three month average indicating that investors are on the sidelines. After three previous attempts at this level fourth time's the charm, however I would like to see some consolidation under the round number support before a break out on high volume. The game plan is to place a stop order at 864.1 sey for a breakout from this level, a proper stop loss can be determined after confirmation of the breakout. I hope you like this idea and as always feel free to pick it apart and tell me where i could be wrong, if you enjoy the content and wish to see more give me a follow any support you can offer would be appreciated happy trading. Joe
LSE:NG.Long
by Joevose
NG. Ascending Wedge RR 5:1National Grid's current resistance is @ 805.9 and the support has been raising over the few days gradually. For this to breakout and continue to rise higher the chart needs to continue to consolidate in the last part of the ascending wedge. If the chart plays out as expected my game plan would be the following: Trigger: 809.9 TP: 839.9 SL: 803.9 RR: 5:1 Once I'm in the trade I will continue to trail my SL to the low of the day 2 days ago, this is so I'm able to recover some profit or reduce my loss just incase the trade goes the opposite way very quickly.
LSE:NG.Long
by DeclanTroy
NGG seeking to explore down to a LV node, may get hard rejectionSince the 2010 rally NGG has inverted its Volume distribution pattern. VPOC was low near 40's, and has thickened up considerably in the 70's region to build out it's profile and migrate Value higher. Yes, Value has migrated higher, implying that the market accepts higher prices for NGG. It is down trending now, but a look at the entire profile since 2010 shows that it is respecting the parameters of the 3 composite Bell curves. Bouncing off, and cutting through High vol and Low vol nodes. Achieving near perfect 200% symmetry on the last decline, now seeking greater 200% symmetry from the highs. The decline in Elliott terms is overlapping and sideways. It is Corrective in nature. 4 waves down are showing and corrective patterns are usually 3 or 7 waves, so I'm not really going to count Elliott waves. The EW solution would be to count ABC-X-ABC and get to 7 waves (WXY pattern). But I've seen plenty of corrective patterns end in what looks like 5 overlapping waves to me. I'm just going on the price character which is overlapping to sideways. Value areas are overlapping in AMT terms. I believe a Low volume node, coupled with a 200% symmetry projection from the gap formation (point of beginning initiative move in AMT terms) is where the magic may happen for NGG for a rally. It's a good place to hunt. So short from below the VPOC of Area 2 and down to test the Low Vol node between Areas 1 and 2. Buy stop behind Area 2 VPOC. Then Long from that same LVNode, back up into the VPOC of Area 2, possibly Area 3 over time. Stop behind Area 1 VPOC. With a long, I do NOT want to see price explore all the way back down into the VALow of Area 1. I want to stop out just below VPOC, the last hope of old VA rejection. What once was Area 1, the 1st deviation with the VPOC, has migrated higher in Value - 30$ higher into the 70's. The market is retesting old Value and may reject off of the Low volume node at 57.23. If it does, and it gets buyers, it can balance back into Area 2 centered around 65, and move back into Value into the mid 70's.
NYSE:NGGShort
by cpuzz1707
NGG could be ending a multi year ABC and ready to rallyI can't show higher timeframe weekly count in TView for same post, but the lows right now are in momentum alignment with a 4th wave matching a 2nd wave from 2010. Could possibly be forming a Bullish Leading Diagonal (which unfortunately will look corrective in character in the Bullish direction). So just wait for a strong pop above, say 60, because it should be a 3rd wave if it forms. Buy above, say 60.60. Don't get stuck in that Leading Diagonal pattern because it will be frustrating to wait forever. And if I'm wrong it will break down fairly hard. Break of preceding 2016 Downward trend and Divergence is visible at the right edge of the chart in Daily timeframe. Yes, Brexit of UK energy market will send NGG through the floor, but that's what a stop below 56 is for. If this thing does break upward, then it will likely accompany news that the UK will not leave the energy market in Brexit.
NYSE:NGGLong
by cbud