NNE shows several bullish signs that indicate a strong potential for an upward move.1) An ascending triangle form and cup and handle form.
2) Reaching the bottom of an ascending channel + 50 SMA is used as a support.
3) Bear gap at $28.6 that may be closed quickly, considering the fact that
NNE tends to have no gaps at all. In general,
NNE looks very attractive with a great bullish potential.
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Disclaimer
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.