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takemoreprofits

Stochastic Divergence Continuation out of a falling wedge

Long
takemoreprofits Updated   
NASDAQ:NUAN   None
Trend Lines Wedge Oscillators stochasticdivegence continuation
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trendline wedgepattern oscillator stochasticdivegence continuation
The reaction to a divergence that is about to bounce like this one could be strong and quick. The price diverged from the stochastic, bounced along the trend line and now the oscillator is oversold again. When this turns back up and moves, look for the price to blast off along with it.

Buy: 15.75
Stop: 15.37
Target: 16.79 - 17.66
Trade closed: stop reached
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