NEC long after breaking out of previous high with high volumeEntry: 2.93
Stop loss: 2.72
Stock broke out of its previous high with high volume today with the 3 SMAs trending orderly.
NEC - Long term breakoutLooking good, waiting for a successful retest of the breakout area before entering a long
NEC | 4HR impulse to the downside probablehello traders
looking to trade the impulse to the downside. waiting for one more up on the 15mins TF before getting in the sell and holding to the break of the b wave low of the runnning/expanding flat. lets see how this plays out
Buy NECThe ASX 200 should be opening higher this morning due to oversee market finishing the week on a high, that's why i'm looking at NEC due to its sector of consumer cyclical. XDJ, might have a bounce of the 13 EMA today to the upside. That leads us to NEC forming higher highs, its on the 4 wave of the
NINE ENT Australia, progressing LONG in TRIANGLE FormationIt seems that NINE Entertainment Australia is progressing LONG inside an Ascending Triangle, as I had forecast back in January, See here:
All EMAs have now crossed, including the MAYO and BLUEBERRY EMAs which confirms continued upward movement together with TDI also showing continued upward moveme
NINE ENTERTAINMENT (NEC) Could go either way ?It seems that there are 2x possibilities right at this time, could go either way, but it doesn't look good for the network. Why?
TECHNICAL:
Possibility #1:
Stock has hit the bottom of an ascending triangle and on it's way up to complete the final stages of the triangle. Reasons for this analysis
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Displays a symbol's price movements over previous years to identify recurring trends.