ITM.Trading

NDSN strong horizontal and uptrending structure support @ $80

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NASDAQ:NDSN   Nordson Corporation
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There is serious structure support here at the $80 mark with a validated upward trendline and also a validated horizontal support line (which was previous resistance). The MACD is also at the same level it was when it hit its last low on March 11. Furthermore there has been a surge in positive volume of roughly 2x the 20 day average. The price has fallen into its lower bollinger band and represents an opportunity to be long and potentially ride this emerging trend of higher highers and higher lows.
DYOR

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