NILI trade ideas
NILI.CA: Bullish Pennant, not confirmed (78%)Bullish pennant for NILI on TSX.
Not confirmed yet but metal for batteries is a hot topic right now.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- ATR climbing
9- Post formed with volume
10- Descending volume during pennant forming
Cons:
1- Figure is not confirmed
2- No break out yet
Target price is 1,13$
Again, stay humble, have fun, make money!
MAAX!
NILI LongMay be a little early as always on this one. 4HR MA's bunched up so will give it a run. Looking good on Weekly . Major target at 236. Smaller target at previous high.
