NET POWER long Long Trade Idea: Entered long after a strong bullish move followed by a retracement into a key discount demand zone. Price is showing signs of support, and indicators confirm bullish momentum. Expecting a continuation of the uptrend.
NPWR trade ideas
Trade Review - NPWR
Found this stock on the screener showing a bullish continuation setup on the daily chart. On the higher timeframe downtrend, looked like the pullback had been played out. Despite it was added it to the watchlist to monitor.
Execution – Later Entry.
Trade Overview
• Structure: Bullish Continuation (D) / Bearish Pullback (W)
• Position: Near Mean (D) / Near Mean (W)
• Entry Trigger: Breakout / Range Expansion
Entry Details
• Entry Price: 9.92
• Stop Price: 8.91
• Target Price: 12.34
• Expected Risk/Reward: 2.36 R
Exit Strategy
• Exit Price: Closed 75% at 11.34 and 25% at 12.34.
An almost perfect SHARK harmonicWithin a falling wedge, putting in RSI and MACD bullish divergence.
cool company too, I wouldn't look past this one.
Shark harmonic, falling wedge, supportTaking a 5% position of portfolio here.
looking to take profit at the box between .5 and 886 fib.
This is a premature assumption of bullish divergence on the MACD, prefer to see it reverse first but I like this company.
8/12/24 - $npwr - lol valuation. short at $8.58/12/24 :: VROCKSTAR :: NYSE:NPWR
lol valuation. short at $8.5
- this is not the general risk tape where you want to be caught on the toilet when the toilet paper runs out.
- 3 bn valuation. burns cash for as long as the eye can see. no earnings and don't "muh sales growth"... hoping for '26 and looking thru '25 is not really the brightest idea.
- admittedly, i love the concept. think there's some legs here on the tech. but again my friends, there's a difference between company and tech and stock price.
- valuation is in the stratosphere. it's probably worth a buck or two a share. sorry. genuinely hope if you're long here you have an exit plan or have an edge on earnings or the LT valuation being grown into.
- weapon of choice for me is the 9/20 7.5P's because again in this tape i can't justify outright shorting, need to cap my losses. while i may be right more than i'm wrong (thank goodness), i'm not right 100% of the time and it's brutal to short as it is. so just hedging my downside.
gl to all. i wish us all the best, really. do comment if you see it differently. trying to learn as much as all of us, but also trying to avoid the big mistakes - and i do think owning this esp at this px is a mistake in the MT/LT at this valuation.
V
