Buy NWN07-09-2024
NWN
Buy 35.53
Sell 37.49
Ask 1.96
Swing trade
Northwest Natural (NYSE:NWN – stock news.com changed from a sell rating to a hold rating in a research report released on Monday. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $41.40.
NWK trade ideas
Finding support?Another one to place on the watchlist for now. This one seems to be finding support on the long term support line. It has broken the last years trend resistance line. It will need to hold this green support through the longer term down trend red resistance line. If it manages this we could see a new uptrend. Placed on the watchlist!
NWN key reversal point! Me gusta :D Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral-easing policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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NWN ascending triangle breakout on strong volume + apexEntered on 13th Jan.
Weekly analysis:
1) Support tested on the big red weekly candle (Long tail)
Daily analysis:
1) Double indecisive candle with great volume. Second indecisive cande has lower tail
30 minute analysis:
1) Huge climax selling volume spike on 9th Jan
2) Huge bullish volume spike on 10th jan