$NNE Flagging and Ready to Resume Uptrend?

לפני 7 ימים

NNE may be one for your watchlist. This one has had a nice uptrend since its IPO sell-off and has put in a series of Higher Lows (HL). It has just tested the 50 DMA (red) and has a nice green hammer candle off that area. It looks to be struggling with the 10 and 20 DMA’s right now.

I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower time frame chart to look for a good entry with a tight stop. There could be resistance at the AVWAP from the most recent high which is something to be aware of.

In summary I am looking for this one to continue its uptrend after this shake-out and consolidation. All TBD.