All set to hit $8?Looks bullish for a ride to $8. It must stay above the bottom blue line to stay bullish.
NR trade ideas
NR Decision Point Coming SoonThe 3D price tracking for NR is looking quite interesting to make a possible strong break one way or the other. On the upside, there's a possible inverse head and shoulders and the resistance line hits back to the 2012 lows. If it breaks up, the pattern would support a target around 5.8-6.0. If it fails to break up, then it looks at crashing downwards. Either direction is possible right now, but it looks like the consolidation may be coming to a close soon. I'd expect a break one way or the other here in the next week or two.
$HR - golden crossgolden cross on the horizon in the supporting sector where we see rotation.
Potential: 7 out of 10
Target: 20%
Stoploss: 5-10%
Hold time: 2-4 weeks
New Park Resources Strong BuyGreat Chart for a strong buy here.
I will be buying this tomorrow at the open especially if we gap lower.
Target 2.30 stop can go below 1.6.
I'm expecting this to trade to 3.0 into February-March 2021 time frame.
$NR Newpark Resources, Inc. On breakout Alert Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the following segments: Fluids Systems and Mats and Integrated Services. The Fluids Systems segment offers drilling fluids products and technical services. The Mats and Integrated Services segment consists of composite mat rentals, site construction, and related site services for customers in oil and gas exploration and production, electrical transmission and distribution, pipeline, solar, petrochemical and construction industries. The company was founded in 1932 and is headquartered in The Woodlands, TX
Small Education for You Losers LOLSo this is a classic bounce play. I think of these as cups that have not been filled yet. The closer it gets to the rim, the less profitable it will be. I saw this today, but after looking at it, I decided not to jump in because the gap was filled. Luckily I stayed out.
NR Long Setup (Triangle)Waiting for the price to retrace.
Place only Buy Stop orders above the first bullish candle on the trend line support.
