On average over the last 3 periods, NRG pulls back to the trend line every 28 days, which it just hit today. Meaning, if this is right, we should see a pull back to the trend line over the next few days or weeks.
I'm still fairly new at charting so take this with a grain of salt and do your own DD. I'd love to know your thoughts.
NRG has long had a beautiful relationship wit OIL but recently that correlation has gone straight out the window. Im by no means an economics pundit and frankly am slightly unsure as to how an electric utilities company relates to oil (both energy sector? oil used as a means for producing energy? are a few ideas that could be in the right direction).
They are ...
Entering a trade in $NRG here. Worth the small risk for me with the price hitting the 21 EMA on the weekly chart in a nice uptrend. Looking to hold this for a longer term swing trade for me which hopefully will be around 1 month or so.
$NRG very interesting Stock the stock its been on a down trend looking at weekly and monthly but this time might be different and i want to Test this with you guys if a massive volume like that will do the difference and breakup that upper downtrend line.