its dirty "on the nose" atm healthly negative sentiment
get our discounted pullback in price wait from buyers to become active again. watchlisted
Perma
4hr continuation here on New Hope Corp. Valid swing entry/scale in. All ASX coal miners showing strength as energy supply shortens up in Europe and Asia. Interesting to see this is showing a divvy soon. Will see how it ends up.
NHC has a very nice chart with impressive price action but now it seems that it may be due for a pull back because as price is going up, we can see Bearish Divergence on the RSI and MACD. The Bullish Momentum maybe running out of steam. I expect a pullback towards any of my my Buy Zones. My first Buy Zone is between $1.80 - $1.95 and my second Buy Zone is between...
NHC seems to have been forming a base since start of April 2020 and I expect that this bullish price action on the Daily Timeframe is poised to continue higher. I think that it may have much upside room to go. I would be targeting the resistance area of $2.00 with a potential gain of almost 50%.
Please note these are my own notes, by no means trading advice....
NHC moved higher as expected (link of our previous Trade Plan Idea attached) and now it has found resistance currently and is expected to pull back lower. This pullback is expected to reach the Bullish Trendline Support Zone of $1.260 and bounce higher. This could be a zone where we expect NHC to find buyers and take price higher.
We will be monitoring the Price...
After making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!!
TP1 - $1.380 (potential gain 5%)
TP2 -...
Prices have hit target one at 2.45. Next target is at 2.50
Prices need to remain above 2.45 to continue to 2.50. If prices fall below 2.40, then we might see an attempt to close the price gap at 2.35
Double click the price column to see the chart. Here's my trade set-up today $NHC based on confluence of indicator signals, green heiken ashi candles and bounce off support. Stop loss in place in case Trump has a bad hair day when he speaks with President Xi. Here's to the New Hope Corporation. Not financial advice.
