ascending bull triangle is now in place again.
last time we had an ascending bull triangle it bounced 30% to now (Jan21).
fundamentals are strong and so is the chart/indicators.
breakout soon to 360/380p.
If you really want to have a position in National Express Group, you can enter at 223 (Red line)
For a more safer entry I would enter around 195 (Orange line)
The white line is a small support line that we drew in the middle of this recovery to give a better visualization.
In the blue line we see a improvement for years. This could be a very nice position to hold...
Looking at a buy on NEX at a break of todays high. Price looks oversold to me, we have a lot of congestion/resistance at this area but if we break it we could see the upside hit 400. Large engulfing bar on high volume.
This is not a trade recommendation, this is purely my option on the market.