NRG trade ideas
Short NRG at its rally or at $18Short NRG at its rally or at $18 as it is well overbought, will be pulled back next week.
NRG: Failed Breach @ $16Nice cups!! -wink- wink-
But yes, failed breach even on takeover rumors from Elliot. Hoped you picked up some cheap puts on this morning's gap up.
Cup & Handle WATCH: NRGIf we get a nice Santa Clause melt-up, followed by a sell off in January, expect people to flock to utilities.
The first bill everybody pays is their electricity bill. If we start to get the handle formation, I'm betting the house as soon as we gap up.
$NRG falling wedge on daily$NRG coiled into a falling wedge on daily chart. On lower extreme of bollingers. Expecting a move up if it can close above the 200 MA.
NRGSelling calls and buying put debit spreads, looking for an increase in down side momentum towards 9-10
NRG-false break strategyThis strategy is said to be very reliable, specially on higher timesframes (D1 and more).
Weekly chart analisis:
Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately (within 3 candles)
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2
Here we have also an inverse head and shoulders pattern
Lets see what happens
Best Regards
NRG Should get strong movement soonTesting double top
End of the V dow trend with ab correction
Starting an uptrend with SMIO & TRIX indicators, Strong volume today, the title has change of hand.
Next : Starting a short C-correction then the title should bounce or fall around $30.16
