Long
NXE due for another breakout above$4.50?? Or retest and fail??
I have been a part of TradingView for a while now, so I figured I would share some charts to give back.
Lets take a look at $AMEX:NXE, which already had a breakout recently. It appears to have had a slight retracement, and formulated a decent supply zone . Take a look at the supply zone found before the most previous breakout in the 60min/1hr chart below, as well as my buy-in target, stop, and potential take profit targets (Currently at an ATH so I dont have previous resistance/support to base my target off of.
In addition, both the 1D and 4Hr charts have a confirmed green "ruling candle" - we are in an uptrend until a confirmation candle closes below the ruling candle. I apologize in advance, I cannot attach more than 1 chart at my current level.
Lastly, the trading view "technical analysis" found after searching NXE has a summary of:
1D = Buy
4hr = STRONG BUY
1hr = Buy
Good luck if you participate. I will be republishing old ideas to verify success and learn from them.
Cheers :)
Lets take a look at $AMEX:NXE, which already had a breakout recently. It appears to have had a slight retracement, and formulated a decent supply zone . Take a look at the supply zone found before the most previous breakout in the 60min/1hr chart below, as well as my buy-in target, stop, and potential take profit targets (Currently at an ATH so I dont have previous resistance/support to base my target off of.
In addition, both the 1D and 4Hr charts have a confirmed green "ruling candle" - we are in an uptrend until a confirmation candle closes below the ruling candle. I apologize in advance, I cannot attach more than 1 chart at my current level.
Lastly, the trading view "technical analysis" found after searching NXE has a summary of:
1D = Buy
4hr = STRONG BUY
1hr = Buy
Good luck if you participate. I will be republishing old ideas to verify success and learn from them.
Cheers :)
Note
Good break above the resistance. Now we have support at 4.03. It could be a nice buy right now since the breakout occured, then retested, just needs to hold
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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.
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.