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cdickersonjr

NOA Symmetrical Triangle Breakout

Long
North American Construction Group Ltd. (NYSE:NOA)  
cdickersonjr  
NYSE:NOA   North American Construction Group Ltd.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
NOA looks to be breaking out on the Weekly.

Thesis:

- The RSI ad OBV is supporting the price action trend of higher lows.
- The TTM is firing off.
- In addition, the MACD on the daily is starting to cross the signal line.

Suggestion would be to enter on the weekly close above the 200 Day MA, I would use an ATR stop of *2 ($2.44)

First target $18
Second target - All time highs ($23-24)
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