shidiq

Feedback on NI

NYSE:NI   NISOURCE INC
Someone requested I look into NI and here's my feedback;

1) As much as possible, we want to avoid stocks that have a history of Price Gaps as we wouldn't want to be caught in a situation where we're more than 1R in a loss. This really messes up our risk-reward ratio.

2) It came to my attention that this looks suspiciously like a rising wedge . If we go back to basics, a rising wedge after a downtrend signals a continuation pattern where the main trend (i.e. Downtrend) is to continue.

Then again, markets are irrational and if you still insist on trading NI , do wait for the breakout, retracement and confirmation before entry. Cheers!
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