NNBR LONGLooks Like NNBR is on a Clear Uptrend and it Retraced beautifully on 100EMA we Also got bullish Pin bar
This stock is moving up after a retracement average on average 30-40% and we only need it to bounce back up 20% to hit our TP target which is 1-2R
this is not an recommendation only sharing my setup analysis do your own due diligence always risk what you can afford to lose and make sure not to risk more then 1-2% of your NASDAQ:NNBR
NNBR trade ideas
NNBR: Ascending Triangle, confirmed (83%)Ascending Triangle, confirmed (83%)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 12, high
ATR ascending
200MA ascending
250RSI above 50
Target:
PT = 13.28$
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$5.20 Target NNBR: Let's Watch This!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I have a few insights. NNBR is about to break that expected resistance curve and is on its way towards a breakout. My recommendation is to buy now and set a $5.20 sell target for a quick profit turnover.
$NNBR 3 Valley breakout NN, Inc. engages in the design and manufacture high-precision solutions, components and assemblies for the medical, aerospace and defense, electrical, automotive, and general industrial markets. It operates through the following segments: Mobile Solutions, Power Solutions, and Life Sciences. The Mobile Solutions segment manufactures system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors. The Power Solutions segment designs and manufactures a broad range of high-precision metal and plastic components, assemblies, and finished devices used in applications ranging from power control to flight control, and for military devices. The Life Sciences segment produces a variety of components, assemblies, and instruments, such as surgical knives, bioresorbable implants, surgical staples, cases and trays, orthopedic implants and tools, laparoscopic devices, and drug delivery devices for the medical and life sciences end market. The company was founded by Richard D. Ennen in October 1980 and is headquartered in Charlotte, NC.