New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Posted a Double Top formation.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible....
New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Posted a Double Top formation.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible....
New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a...
New Fortress Energy Inc
Short Term - We look to Buy at 45.18 (stop at 39.89)
Daily signals for sentiment are at oversold extremes. Bespoke support is located at 45.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a...
Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short.
A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don't appear to be as strong until 27 zone.
Will use 10 MA as stop (close above)
NFE getting closer to a breakout
8 Week Long Base
50 DMA holding dips
Want to see higher volumes on Breakout
Institutional Ownership: 45%
Institutional Transaction Last 3 Months: 5%
Measured Target: 60
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. It also supplies LNG. The company...
Long $NFE CMP $31.17. Broke the channel with good volume but rejected at 200 EMA. Will take support at $30.71 Energy sector is hot and with earning expectation it may re-test $35 area . Price target $35. Stop loss ~28-29.
