The blue zone was my zone of interest due to it being the Monthly Kijun level. I was looking for a good rejection candle and we got that today with reasonable volume. Entry:910.1 SL: 925.8 TP: 866.5 R: 2.78
NG. - MACD sloping UP - RSI at reasonable level - Buy price @ £ 861.4 - 1st target @ £913.0 - 2nd target @ £ 954.4 - Stop loss @ £ 811.4
My study in NG, A good R:R on this trade, I have left a decent stop loss but I will probably close it if the price drops back through the .382 at 893 Stochastic looks bullish and sentiment is strong. TP 1 941 TP2 990 Would love to hear your view, positive or negative!
LSE:NG. A stock I will be keeping a close eye on this week is NG or national Grid a ulisities giant with a market cap of 29 billion, it is the largest UK provider of energy and has a presence in the US market. NG has struggled since May to break the 864 level and is approaching that zone again, ten day volume is massively below its longer run three month average...
National Grid's current resistance is @ 805.9 and the support has been raising over the few days gradually. For this to breakout and continue to rise higher the chart needs to continue to consolidate in the last part of the ascending wedge. If the chart plays out as expected my game plan would be the following: Trigger: 809.9 TP: 839.9 SL: 803.9 RR: 5:1 Once I'm...