NRG ENERGY INC

NRG seems forming a nice flag formation. It had lots of insider buying around $17, before its hotting up. We think it has further upside potential * Trade Criteria * Date First Found- July 18, 2017 Pattern/Why- Flag formation breakout Entry Target Criteria- Break of $23.57 Exit Target Criteria- $26.33 Stop Loss Criteria- $22.13 Please check back for Trade ...

NRG

The cup appears more parabolic, but even so, it's trending upward without the cup & handle to possibly re-test $19. Note decline in volume during the handle formation.

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Retest gap today. Decent volume. Looking to play the retest. This stock seems to have really strong and tight support/resistance lines so I'll be looking to switch to a trailing stop if we reach our 2R target up until 19.28 where I'll exit the rest of the position.

Go long. Next targets as outlined.

ENTER 17.96 STOP 18.61 TARGET 10.84

Short NRG at its rally or at $18 as it is well overbought, will be pulled back next week.

Short NRG at $18 because it is well overbought and will be pulled back soon.

Nice cups!! -wink- wink- But yes, failed breach even on takeover rumors from Elliot. Hoped you picked up some cheap puts on this morning's gap up.

If we get a nice Santa Clause melt-up, followed by a sell off in January, expect people to flock to utilities. The first bill everybody pays is their electricity bill. If we start to get the handle formation, I'm betting the house as soon as we gap up.

$NRG coiled into a falling wedge on daily chart. On lower extreme of bollingers. Expecting a move up if it can close above the 200 MA.

Selling calls and buying put debit spreads, looking for an increase in down side momentum towards 9-10

Usually the 20MA crossing over the 200MA is a good sign for the bulls.

long

Long term down trend, good entry

Top of falling wedge. Major TL retest around $28

Updated notes on chart