NXE - Good earnings could lead to big profits
I like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level.
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
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