Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short.
A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don't appear to be as strong until 27 zone.
Will use 10 MA as stop (close above)
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. It also supplies LNG. The company...
Long $NFE CMP $31.17. Broke the channel with good volume but rejected at 200 EMA. Will take support at $30.71 Energy sector is hot and with earning expectation it may re-test $35 area . Price target $35. Stop loss ~28-29.
HI, my name is Maxx Lipa I'm a forex and crypto trader, I analyze chart using smart money concept
this week analysis will start on gold/usd since my favorite pair is GBPUSD and EURUSD
its an NFE week so expect some crazy price actions
a lot of banks around the world are on holiday
so its gonna be a slow week
but then just keep following my analysis
thanks
