Triple_Barrel_Capital

$NBL Bearish MACD Crossover Imminent

Short
NYSE:NBL   None
$NBL Bearish MACD crossover imminent - expecting fresh lows by mid to late February.

Also of note:
- Put/call ratio has been steadily increasing this week (bearish sentiment growing)
- RSI and MFI both trending down.


Targeting $15.50-$16.50 range by next ER.



Note: Informational analysis, not investment advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.