NGVC - CUPNYSE:NGVC
NGVC formed a cup formation. Watching to see if this continues its pattern pulls back to form a handle, or breaks out further.
NGVC trade ideas
Updated count for NGVCVery similar to UNFI except UNFI was 5 waves up and NGVC was 3 waves up. there is a running flat in the middle (b wave) which gave it that stretched appearance and was hard to count waves. I think we have a double top in the 15-16 range before we fall in a wave 2 likely a zigzag.
New count for NGVCI like this count better because the 3rd wave shows momentum and steeper trendline.
EW count for NGVCGood earnings, this should continue to go up.
Even tough I don't like the angle of ascent of wave 3/trendline, this was the best count I can come up with.
NGVC looking like a good breakout! (NGVC)Looking like a good LONG with a possible breakout pattern coming alone.
We are SHORT'ing the FUCK out of NYSE: $NGVC | #NaturalGrocers!We are SHORT'ing the FUCK out of NYSE: $NGVC | #NaturalGrocers! We are in the 5th wave of the smaller 5th wave! Unfortunately, I can't zoom in on the 1 minute chart, but this baby is going to COLLAPSE HARD! Higher highs in price + Lower highs in RSI = MASSIVE PROFITS!
LONG TERM BUY SETUPPrice has reached all time low and and current structure indicates we might have a reversal soon.
MACD shows divergance and dying bearish momentum.
Wait for breakout of weekly trendline to enter trade.
Weekly chart much stronger looking...bearish Shark playing out but PRZ way up at 41.62, perhaps a short shake out then go
Shooting starugly candle today, but holding the break out and gap up for now. Short termers likely take profits but....
