NBR trade ideas
NBR popping the cloud looks like its set to hit its last high.Out of all my stocks this was the only one with looking at. Earnings is right around the corner so I would be prepared to sell after it pops.
by iCantw84it
I do have faster internet now and I might start streaming however the market doesnt look as enticing at this moment so I will wait for it to look better.
Leave me a message anytime.
NABORS - breakout 70% ?These are my thoughts on NBR. They are meant to give you an idea, not trading advice.
Can this break to the upside tomorrow?
I think so, will definitely be watching this!
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
My $NBR Trade from 2.00 to 2.70After following NYSE:NBR for a few days and studying some of the fundamentals, I concluded that this could be a possible mid-long trade. On Monday after seeing the price dropping I decided to enter a buy order at 2.00 even after seeing support to be at 1.98. My order filled this morning at 2.00 and saw it taking off. I decided that if the trend continued, I'd possibly secure my profits and turn this into a day trade with a possibility of adding to my position. Volume continued to increase, RSI continued to steady and didn't see any sell-offs. I then entered a sell order at 2.70 just under the 2.74 resistance I saw. Why? Because there are times when stock prices don't reach resistance and come just shy of it. And seeing that I'm already well in the green, I'd rather secure my profits. Fast forward toward the EOD and bam! My order filled at 2.70 for a nice gain of +35%! Although the stock did hit my original PT of 2.74 I'm happy with 2.70 :) After hours movement seems to be well too and the day ended with a very solid bullish candle. There is a possibility for another run tomorrow so I'll be watching premarket action for another possible day trade position.
Going long on NBRNYSE:NBR is poised to make a bullish crossover of the conversion line over the base line and had a huge volume spike. It still faces overhead resistance from the cloud, but if it moves high enough quickly enough, it may be able to punch through the thin cloud zone. Entry is just above Friday’s high, with the initial stop just below the low.
NBR wit to soon locked the profitWrite sometning about your psyhology thinking before trade? setup looks fine and I think that this could be a good trade
Describe the trade. What you see? price action was slow down, wick on the candell are the same on the both side volume decrease a little bit there are support line and a see that price can gou pu to at least 16,25.
that you put trailing stop too soon up, not wait for the pullback