The 3D price tracking for NR is looking quite interesting to make a possible strong break one way or the other. On the upside, there's a possible inverse head and shoulders and the resistance line hits back to the 2012 lows. If it breaks up, the pattern would support a target around 5.8-6.0. If it fails to break up, then it looks at crashing downwards. Either...
Great Chart for a strong buy here.
I will be buying this tomorrow at the open especially if we gap lower.
Target 2.30 stop can go below 1.6.
I'm expecting this to trade to 3.0 into February-March 2021 time frame.
Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the following segments: Fluids Systems and Mats and Integrated Services. The Fluids Systems segment offers drilling fluids products and technical services. The Mats and Integrated Services segment consists...
So this is a classic bounce play. I think of these as cups that have not been filled yet. The closer it gets to the rim, the less profitable it will be. I saw this today, but after looking at it, I decided not to jump in because the gap was filled. Luckily I stayed out.
