The PEAD projected a Bullish outlook for $NI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
Breakout within an upward channel
This breakout will likely further and push to the top of the channel
An earlier point that is comparable is in the white rectangle
NI has currently a pretty nice position from the technical point of view. The market conditions are oversold and an entry can be considered.
Target is $32.50 and probably a break at $33 if we are patient!
The PEAD projected a Bullish outlook for $NI after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
$NI traded through the week without closing below Monday's low (daily average $ volume of $100mil), displaying resilience to the general market weakness.
Currently a bullish flag formation, sitting on confluence of VWAP (from previous low) and 10/20 MA.
23/2 ER
NI made a new 52 week high
Showing great relative strength during a market sell-off
Weekly chart, price above 50 weeks moving average
Huge volume on breakout candle, more than 3 times than normal volume
What gives you the confidence to pull the trigger on a trade? For me, this is it!!!!
After a 25%+ move, NI decides to:
*Tread with DOJI consolidation candles
*Decreasing ATR \
*Increasing RSI /
*MEANINGFUL Bounce of 21ema w/largest volume bar in over a month.
Hope she doesn't blast away Monday without me :)
$NI is getting very tight, i took a position just before close, looking to sell into strength (orders set) and get stop to break even,< Looking for Mega volume here folks on the open, this wants to go 💸💸
app.koyfin.com
I'm not going to buy this, it's just hooked at my filter.
My Indicators have just turned to positive.
And also the volume of the last 10 days is higher than before.
I wish you good profit!
Follow me!
Thanks
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Nice hammer candle on NI. Will wait for a close above the hammer's upper wick before entering trade. Opting for a more conservative stop loss given historical lower wicks that tagged recent support line.
On the down trend, there is a nice bullish head and shoulder forming with a possible long entry up to the resistance @ 1D.
We see the left shoulder and the head that formed nicely and the right should formation looks like it is supporting at the left should for a possible long entry.
I already entered the trade per my strategy which led me to enter a little...
At 1D we see a an upward edge that broke the trend line and the support line with a gap. Currently it looks like if it was retesting back to the gap and the resistance line (that used to be support). If it does retest, it would be a nice entry to the short side at the 1H after confirmation.
PS. I already entered the trade a little bit before that and it looks...
If the price keeps pressure on the downside then it is more likely to slide even lower till the VWAP median, otherwise, it will go back to its original trend
