NRP ( Energy Stock) Reversal Pattern
已更新
NRP is an energy stock. Shown on a 15-minute chart it appears to have a reversal pattern.
The mass index indicator's value has risen above 27 and is about to trigger with a fall under
26.5. The normalized MACD shows a cross of the MACD and signal line well below the zero line.
The 28 period linear regression line has given a buy signal below the last candle. Importantly,
the analysis of the HA candles is they have changed from red to green and the indecision
candles with large wicks compared with the candle body have ended in favor of a larger
bodied green candle without predominant large wicks. I will look for a long entry on the
3 to 5 minute time frame expectant for a target at the POC line of the volume profile or
about 50 which would be a decent profit for this low risk trade.
The mass index indicator's value has risen above 27 and is about to trigger with a fall under
26.5. The normalized MACD shows a cross of the MACD and signal line well below the zero line.
The 28 period linear regression line has given a buy signal below the last candle. Importantly,
the analysis of the HA candles is they have changed from red to green and the indecision
candles with large wicks compared with the candle body have ended in favor of a larger
bodied green candle without predominant large wicks. I will look for a long entry on the
3 to 5 minute time frame expectant for a target at the POC line of the volume profile or
about 50 which would be a decent profit for this low risk trade.
交易進行
Price higher by 3.3% since trade opened.交易進行
Price trending up and validating the idea. Trade in reasonable profit. stop loss is above breakeven. Trade is loss-free moving forward in buying an energy stock whenthe sector has been down.
交易進行
Taking partial profit since trade has met expectations. Runner of 50% to realizefurther profit as trend continues.
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