$NIU is breaking out of a beautiful classic pennant on daily chart
Yesterday the 5EMA crossed up the 10EMA
Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area
Also notice the volume in the past sessions above the 20MA AvgVol
They tried to push it back today after the open, retested the 20EMA and we are looking at a potential beautiful “red to green” move
Target 26-30$
Good luck,
TA
Yesterday the 5EMA crossed up the 10EMA
Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area
Also notice the volume in the past sessions above the 20MA AvgVol
They tried to push it back today after the open, retested the 20EMA and we are looking at a potential beautiful “red to green” move
Target 26-30$
Good luck,
TA