So NBR looks like it will bounce, although pretty risky cuz earnings on some stock I know nothing about.
Bad earnings would push this shit out of the channel, but so far the channel has held and I'm betting it will hold through earnings.
Thanks for visiting.
Write sometning about your psyhology thinking before trade? setup looks fine and I think that this could be a good trade
Describe the trade. What you see? price action was slow down, wick on the candell are the same on the both side volume decrease a little bit there are support line and a see that price can gou pu to at least 16,25.
that you put trailing stop...
OK SO HERE WE HAVE A DECENT LOOKING TRADE - GRANTED THIS ISN'T THE BIGGEST TRADE IN THE WORLD THOUGH JUST A COUPLE OF POINTS TO CONSIDER
LOOKING AT THIS CHART WE CAN SEE THAT A STRONG AREA OF RESISTANCE HAS JUST TURNED SUPPORT
PRICE HAS CROSSED THE MOVING AVERAGES AND THE MOMENTUM NOW LOOKS BULLISH TRADING ABOVE THE 50,100,200 MA
SO WHAT ABOUT FIBONACCI ?...