NXPI - trade idea
if NXPI can hold the trend the line on the 1 HR I believe it will continue to push higher however it does have some bearish indicators such as decreasing momentum and a bearish cross on MACD. if it fails to hold the trend line I believe it can drop to the nearest resistance. the 4 hr looking somewhat bearish but the 1 day looks bullish overall.
*NXPI Is being added to SP500...can cause short term pop.
In summation, bullish very long term, possibly bullish short term only if we hold the trend line. If not, bearish short term, going to wait the first hour or so to see which direction we take.
as always do your own analysis before placing any trade
this is for education purpose only and is not investment advice.
*NXPI Is being added to SP500...can cause short term pop.
In summation, bullish very long term, possibly bullish short term only if we hold the trend line. If not, bearish short term, going to wait the first hour or so to see which direction we take.
as always do your own analysis before placing any trade
this is for education purpose only and is not investment advice.
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