Hey my friends, NEWELL BRANDS is in a fake bearish move with high volume late in the session and a pent-up attempt by buyers. On the TIMEFRAME M1 we can see a hammer bear candle, we are witnessing the slowdown of sellers. It goes to its next low and back to its climb. Great possibility of breaking out the balance zone and at the same time breaking the strong...
Newell Brands Inc (NWL - US) is in impulse down sequence. 4th wave was complex flat correction & 5th wave down is already started. Wait till 2nd wave to correct for next entry for target below previous low.
Entry level $19.34 = Target price $21.35 = Stop loss $18.88
Bullish reversal in MACD and histogram ticking higher in bullish manner.
Volume remains good and strong buy side dominance.
Short interest 7.85%
Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the...