NOM has been trading in a downwards channel for quite some time. To say that NOM is out of the woods would be a bold statement. BUT based on the pure TA aspect you can clearly see a bounce of the longtime trendline forming a triple bottom. So based on that purely, this is a nice entry. Also an A,B,C,D,E has been formed in the trading channel, uptrend to be seen after E but still, a halt on the top of the trading channel. This being said, if you zoom in, a potential bull flag has emerged which just might indicate a push towards and through the top of the channel. If this occurs, breakout and stay out we might see some decent gains. I'm aware of the 4-5-6 stock issues. But i'm only basing my entry on the TA aspect. Happy trading!
Note
Nice rally today, still trading inside the channel. Watching closely, some positive signals but still not decisive.Note
At 1.6, as predicted. Monitoring close, the sell offs appear strange, but still at important level around now.Note
Still bouncing on longtime trendline. Got just very small buy orders if it whicks under. Monitoring close but not the price action I expected.Note
Really nice rally today, lets see ig it can break the downwards tradingchannel! Happ trading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.