$NTR Trading the channel and bullish confluence
My largest swing following the whale buyer of 23,400 JUN 17 $80 calls on 11/18.
Love this set up.
Fundamentally - great ER beat and raise in guidance, with various BUY analyst ratings and PT $75-80. I'm bullish agriculture and fertilizer market goes hand in hand.
Technically - Moving through the upward channel, post ER algo push down, accumulation with great buy volume (usually an indication a future move to the upside will occur) on the 50EMA. MACD cross, bullish divergence on RSI and QQE momo turning to buy.
Wouldn't be surprised one more shakeout / break lower (I will add to the position) before she rips.
Noting nothing is ever certain in trading but this is a juicy swing set up with good bullish confluence I like the R/R a lot here.
Love this set up.
Fundamentally - great ER beat and raise in guidance, with various BUY analyst ratings and PT $75-80. I'm bullish agriculture and fertilizer market goes hand in hand.
Technically - Moving through the upward channel, post ER algo push down, accumulation with great buy volume (usually an indication a future move to the upside will occur) on the 50EMA. MACD cross, bullish divergence on RSI and QQE momo turning to buy.
Wouldn't be surprised one more shakeout / break lower (I will add to the position) before she rips.
Noting nothing is ever certain in trading but this is a juicy swing set up with good bullish confluence I like the R/R a lot here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.