NLOK stock seems ready for bullish momentum.
there are divergences everywhere, as the price had 2 lower hight, but MACD and RSI (which is above 50) have both higher hight. plus the volume has been lowering in the past 2 weeks' bear trend, which DOES NOT confirm the downtrend.
the price itself is also just above the MA 200, and the MA 20 and MA 50 just made a golden cross, which could happen soon too between MA 20 and MA 200.
right now, we are on top of the triangle, which is NOT a good thing, because it could fall all the way back to $18, losing $3 (10%+).
BUT, if it DOES exist the triangle, we can see a higher high, at least $24.30, which is All-Time High as we can see here.
it also shows how the price has been moving between the MA 200 in the monthly chart, and the upper trendline (resistance)
can the price break the high resistance? idk, we will see.
is the price in the upper part of the MA 200- resistance trend? yes, so pay attention and DO NOT buy long unless some bullish sight shows up.
last thing: I suggest NOT to buy and hold, but to do weeks or months trade here since it is risky until it does not break over the top resistance.
there are divergences everywhere, as the price had 2 lower hight, but MACD and RSI (which is above 50) have both higher hight. plus the volume has been lowering in the past 2 weeks' bear trend, which DOES NOT confirm the downtrend.
the price itself is also just above the MA 200, and the MA 20 and MA 50 just made a golden cross, which could happen soon too between MA 20 and MA 200.
right now, we are on top of the triangle, which is NOT a good thing, because it could fall all the way back to $18, losing $3 (10%+).
BUT, if it DOES exist the triangle, we can see a higher high, at least $24.30, which is All-Time High as we can see here.
it also shows how the price has been moving between the MA 200 in the monthly chart, and the upper trendline (resistance)
can the price break the high resistance? idk, we will see.
is the price in the upper part of the MA 200- resistance trend? yes, so pay attention and DO NOT buy long unless some bullish sight shows up.
last thing: I suggest NOT to buy and hold, but to do weeks or months trade here since it is risky until it does not break over the top resistance.