LeLaf

NL: Ascending Triangle, awaiting confirmation

Long
NYSE:NL   NL Industries, Inc
Ascending Triangle , waiting confirmation
Pros:
R/R ratio above 12
Descending volume during formation
Volume peak at break out
PPS above 50Ma and 200MA
ATR ascending, more volatility
RS ascending and above 0
250RSI above 50
Cons:
200MA descending

If confirmed, Target:
PT = 5,73

maax!
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