The price held resistance 13 days in a row and broke out with strong volume.
If closes above 50MA, possible long to the upper channel line.
Not a recommendation, just an observation.
NVGS is forming a nice fallen angel formation, and now testing key resistance label. Moneyflow is very strong. Overall nice long setup, and it has good upside potential if it can break above $8.83 label.
* Trade Criteria *
Date First Found- July 11, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- $8.83
Exit Target Criteria- $9.83
Stop Loss...
Following Vectovest Bottom Fishing strategy that finds stocks above $2 with an average volume above 100,000 shares and have a CI trending higher over the last 5 weeks. The sort, VST/CI brings to the top stocks with good fundamentals that currently have a low CI.
