SNI entrySNI made a great breakout after its retrace to the 0.5fib and the 200MA (black line).
We just got rejected at overhead resistance and I’m waiting for a retest of previous support around NOK 123-125,- AND the 50MA (blue line) before looking at an entry around the area I’ve marked with a green circle.
SN6 trade ideas
Stolt-Nielsen Up trendCHXEUR:SNIO
Stolt-Nielsen is in an uptrend, and it just hit bottom. There is a decent profit potential, to little risk, if you have a target at 145 and a stop loss at 110. It is a slow moving stock, and the low volatility should mean, that you don't get to experience any unwanted surprises.