Sybren1982

Sybren1982

Weekly chart displays a compelling case for further Bullish continuation, next middle-term target is 170: - April was typical resistance = support price action, re-testing 22's High, 23's & 24's Low - False Breakout below the symmetrical Triangle projects a measured move breaking out on the upside - July' 24 (`170) was a Bear surprise, lots of scaling-in Bulls...

Sybren1982 Updated 

A few Points: - RSI divergence: higher lows on the RSI versus lower lows on weekly candles; - This weeks' candle was a truncated wedge, very eager Bulls that bought before a lower low was established - Strong magnet back to Lockdown lows

Sybren1982

- NU makes great opportunities to go long for swingtrade - Wedge/Bull flag needs to mature some more - Several gaps unfilled, particularly October lows will push price further down to ~9.5 area - As always, patience and proper timing is key

Sybren1982

- 40 week pattern in the making of a rare diamond pattern - offers great opportunities for either long or short - targets based on the height of the pattern