gNnairdA

Wedge within a channel within a wedge

Long
gNnairdA Updated   
TSX:NTR   NUTRIEN LTD
This is in interesting structure as we can see that it is in a large wedge that started since july and within that wedge there is a channel created since mid September.

On the daily there is bulish divergence on the RSI,MACD, William r% and OBV RSI

 
Comment:
Trade invalidated,
opened below the wedge
Comment:
There is another wedge forming. However there is more risk as there is strong resistance right above it, but there are better plays out there to take so I would watch this by the sidelines

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.