AsimMirzaTrader

NHC - Bullish Trade Plan

Long
AsimMirzaTrader Updated   
ASX:NHC   NEW HOPE CORPORATION LIMITED
After making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!!

TP1 - $1.380 (potential gain 5%)
TP2 - $1.430 (potential gain 9%)
Stoploss - $1.150

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Trade closed: target reached

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.