Looks Like NNBR is on a Clear Uptrend and it Retraced beautifully on 100EMA we Also got bullish Pin bar
This stock is moving up after a retracement average on average 30-40% and we only need it to bounce back up 20% to hit our TP target which is 1-2R
this is not an recommendation only sharing my setup analysis do your own due diligence always risk what you can...
Ascending Triangle, confirmed (83%)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 12, high
ATR ascending
200MA ascending
250RSI above 50
Target:
PT = 13.28$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do you own...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I have a few insights. NNBR is about to break that expected resistance curve and is on its way towards a breakout. My recommendation is to buy now and set a $5.20 sell target for a quick profit turnover.
NN, Inc. engages in the design and manufacture high-precision solutions, components and assemblies for the medical, aerospace and defense, electrical, automotive, and general industrial markets. It operates through the following segments: Mobile Solutions, Power Solutions, and Life Sciences. The Mobile Solutions segment manufactures system critical components for...
Potential long on NNBR; currently price is consolidating with perceived pressure building for a potential breakout of consolidation. Current price indicates oversold; however, risky trade as potential take profit less than set SL.
Trade responsibly; TPs and SLs.
