Love the earnings gap up on this one with some daily consolidation underneath 180. Volume a little low on this one, but if we see a vol spike through 180 I will be buying through that area. Oil and Gas stock here.
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The pattern has taken place around the 200 days EMA, so a breakout would mean...
Out of all my stocks this was the only one with looking at. Earnings is right around the corner so I would be prepared to sell after it pops.
I do have faster internet now and I might start streaming however the market doesnt look as enticing at this moment so I will wait for it to look better.
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These are my thoughts on NBR. They are meant to give you an idea, not trading advice.
Can this break to the upside tomorrow?
I think so, will definitely be watching this!
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
After following NYSE:NBR for a few days and studying some of the fundamentals, I concluded that this could be a possible mid-long trade. On Monday after seeing the price dropping I decided to enter a buy order at 2.00 even after seeing support to be at 1.98. My order filled this morning at 2.00 and saw it taking off. I decided that if the trend continued, I'd...
NYSE:NBR is poised to make a bullish crossover of the conversion line over the base line and had a huge volume spike. It still faces overhead resistance from the cloud, but if it moves high enough quickly enough, it may be able to punch through the thin cloud zone. Entry is just above Friday’s high, with the initial stop just below the low.
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.
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