NXE.TO Breaks Out This Morning. Another Wave Up.
Stock broke out of a consolidation this morning triggering the long trade.
Long-term uptrend but stock recently sustained a deep pullback. The recent price action indicates that pullback could be over and another wave to the upside is starting. Conservative target is below early 2017 peak. More aggressive target is above that peak. Can also use ATR Stops--wait for a daily close below the indicator line, then place the stop loss just below the low of that day.
Long-term uptrend but stock recently sustained a deep pullback. The recent price action indicates that pullback could be over and another wave to the upside is starting. Conservative target is below early 2017 peak. More aggressive target is above that peak. Can also use ATR Stops--wait for a daily close below the indicator line, then place the stop loss just below the low of that day.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/