Long
NXE due for another breakout above$4.50?? Or retest and fail??
Updated
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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