NINE 12/27/2022

rudcharts Updated   
NYSE:NINE   Nine Energy Service, Inc.

Adding to existing trade. Please see existing trade below

NINE 15min chart analysis

Ever see a good boxing fight and see one of the boxers land some really good body shots on his opponents? The damage done is incredible.

Another entry.
NINE keeps giving me the openings and I’m going to keep laying down the shots with confidence.
Once again, during parabolic uptrend, we have a pullback to the Dynamic Support of the 50ema and an “oversold” Stochastic reading. This is my cue to enter trade long.

Entering trade long
Entry: 13.20
Stop Loss: 12.74, -3.48%
Target #1: 22.00, +66.67%, 19.13 RR ratio
Target #2: Trail 50ema

Trade closed: stop reached:
Stop Loss: 12.74, -3.48%
Trade active:
Today we saw the good 'ol humble 101.
Price gets you comfortable, sets you up, and catches you.

The analysis on the lager time frames all look good and support levels all intact.
Price should be recovering shortly.

Reentry: 12.34
Stoploss: 11.54, -6.48%
Target: 22.00, +78.25%, 12.07 RR ratio
that second entry 🔥🔥🔥


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