NSRGY has experienced a sharp decline, and is currently approaching an orange support level at $102.46. There is one more greedy support level below, the yellow support line at $88.33. I would monitor $102.46 for a bounce here, and I don't think it is a bad idea to buy at $102.46. However, NSRGY is having such a steep decline that I think we are likely to reach...
Taking small long position on Nestle based on mometum and volume trend reversal. Waiting on 3-day chart for confirmation before consideriing to add to my position.
All the red and bad news in the market make me think different.
SPY is slightly below a key level and Russel 2000 hit the 2020 pre covid high.
A bounce is very very possible here!
We have convincingly Broken out and closed above the consolidation point of a potential bull flag and we look to be getting ready to continue our ascent up to the D point of an even bigger ABCD Harmonic Move.
Working with angles is something I see myself doing more often lately, meaning they have proven some reliability to me over time. When exactly is still quite intuitive and this publication is also an idea to further explore by other traders and so develop a competitive edge, and therefore should remain secret how to apply in further detail.
Here I look at Swiss...
This stock has fallen out of favor these past few months. Price is trying to stabilize around the EMA's. Planning to go long at the CLOSE today. It's ranging at the moment so it may deflect off the long trend (see arrow), but regardless whether she breaks out or continues ranging, this is a decent entry.
On the daily we saw that the long-term resistance has been finally broken.
Now, the weekly chart suggests that the price may go higher. As the low and the open are the same, it is considered a stronger bullish sign.
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NO FINANCIAL ADVISE
Just pure fun!
hey guys,
nestle is trading within a bullish flag formation on 4h.
last week a key daily support was reached and now we see a strong bullish reaction from that.
if bulls manage to break through the resistance of the flag, we will expect a bullish continuation to recent structure highs:
106
108
good luck!
Salut les commerçants, NESTLE est dans un moment vraiment important, il se peut quel casse avec force, si elle fait pas un pull back...
S'il vous plaît un JAIME & SUIVEZ, merci beaucoup !
