NNE eyes on $18 above, 16 below: range to brew the next move for NASDAQ:NNE by EuroMotif

NNE eyes on $18 above, 16 below: range to brew the next move

Nuclear stocks have been rising for a while.
This one is testing a key level of resistance.
LowerHigh, HeadShoulders, etc possible here.

Break above should allow uptrend continuation.
Break below would say deeper retrace inbound.
Range bound oscillation could then explode (lol).

$ 18.04 - 18.32 is the upper boundary.
$ 16.05 - 16.15 is the lower boundary.
$ 12.36 - 12.65 is a correction target.

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Trade active

BOOM

Perfect launch from our zone of interest at $18.xx

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Zoom IN (m55) for a closer look at the launch pad:

Near perfect PING on the dashed fib at $18.25
"Ping" from "Give me a ping Vasilly, One Ping Only".

And my rule:
"Not every Ping starts a Reversal,
but Most reversals start with a Ping".

And this one seems to have started a Reversal.

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So lets fosus on the dashed fib set:

Many Pings confirm the dashed fibs are in control.
I used Dashed fibs for the "Covid Stimulus" wave.
That wave is from Covid crash bottom in Apr 2020.

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So using the Covid fibs with local fibs we have:

$ 24.01-24.16 is immediate support to hold.
$ 27.23-27.57 is major Resistance to break.
"Major" because it has a Golden Covid fib.

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So now we set alerts near those zones.
When hit we can gather more clues.
But that may have been "a" top for a bit.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag