NEA.ASX_Range Breakdown_ShortENTRY: 1.15
SL: 1.35
TP: 0.835
- ADX>20
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Brokedown from monthly CPR on 4 Mar 2022
- Breakdown from range today
- Would like a higher volume
NEA
NEA - Trade PlanMy Trading Bias is Bullish because of the clear break of the Bullish Wedge Pattern followed by a clear Backtest, then a decisive move to the upside with very High Volume.
TP1 - $3.00 (Potential Gain 20%)
TP2 - $3.20 (Potential Gain 25%)
Stoploss - $2.240
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
NEA - Bullish Pennant in Formation I believe that there is a great buying opportunity in NEA, as it has been forming a clear Bullish Pennant since the end of August. It is clearly a continuation pattern and has been consolidating within this pennant. If Price Breaks this pennant with High Volume, this may be a sign that Price may continue pumping up with force and reach the (Resistance 2 - Zone) nearly $3.10 with a potential gain of nearly 32%. Price may even hit the Strong Resistance Zone of nearly $3.90, which may provide a gain of 62%. I believe this is a great medium term buying buying opportunity.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NEA Breakout With high volume Near Map Breakout From Ascending Triangle Pattern with high volume..Hoping for a Gap up opening tomorrow on earning day
MACD Crossover also complete with sharp angle
Near Map should continue its Trend in the upside
$NEA Nearmap what are you going to do? Worth adding to the watchlist. Breakout or Break down coming soon.
The XJO is bullish at the moment, technical indicators are bullish. So it is more likely to go higher at this stage.
But we should not buy right now and should be patient + wait for confirmation.
Nearmap (NEA) - Technical ForecastAccording to the triangle harmonic pattern and resistance lines, the next nearmap target is $4.3 zone .
Nearmap, Short - Bull Run is over, Bears taking controlSwing trading:
21 March - Price at $2.70, Volume is 1.8mil so good, Weekly Elder Impulse is blue & Daily is red, MACD Histogram ticked down for bulls. FI is going down as well. Looks like Kangaroo tail formed at right edge which would indicate that prices can move in opposite direction. Pricing encroaching on Fast 11 day EMA and still well above slow 22 day EMA
Decision:
Short at $2.75, Stop loss at $3.06 (1 cent below latest high of $3.07), Risking 31 cents per share.
Target $2.55 to cover
Comments?
