NOM
has been trading in a downwards channel for quite some time. To say that
NOM
is out of the woods would be a bold statement. BUT based on the pure TA aspect you can clearly see a bounce of the longtime trendline forming a triple bottom. So based on that purely, this is a nice entry. Also an A,B,C,D,E has been formed in the trading channel, uptrend to be seen after E but still, a halt on the top of the trading channel. This being said, if you zoom in, a potential bull flag has emerged which just might indicate a push towards and through the top of the channel. If this occurs, breakout and stay out we might see some decent gains. I'm aware of the 4-5-6 stock issues. But i'm only basing my entry on the TA aspect. Happy trading!
Comment:
Nice rally today, still trading inside the channel. Watching closely, some positive signals but still not decisive.
Comment:
At 1.6, as predicted. Monitoring close, the sell offs appear strange, but still at important level around now.
Comment:
Still bouncing on longtime trendline. Got just very small buy orders if it whicks under. Monitoring close but not the price action I expected.
Comment:
Really nice rally today, lets see ig it can break the downwards tradingchannel!
Happ trading
Happ trading