maschera

NTR - 7.85% Profit Potential - Ascending Triangle

Long
NYSE:NTR   Nutrien Ltd
NTR is a fairly volatile stock. Keep this in mind when you trade it. The risk can be higher.

While an Ascending Triangle has clearly formed, the price hasn't confirmed the support line yet. However, the risk exposure is minimal and it might be worth a shot.

- Target Entry: $59.11
- Target Stop Loss: $58.18
- Target Exit: $63.66
- Risk / Reward Ratio: 4.89

About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss