NGLFINE appears to have bottomed out, now showing strong signs of a potential reversal:
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.