I've been looking at NRG'S income sheet and let's just say I've seen better. So this brings up the question of how are they going to erase $13 Billion in debt anytime in the near future. With upcoming earning's I think this stock will be headed lower to the $22 level or even lower.
Overall after some brief analysis on this stock I feel that this stock could move upwards. Their dividends are currently at 0.19 cents per shares which gives you a return of about 3.68% which insist half bad. I'd like to see net income go into the black this next quarter. I guess we'll just have to wait and see.
Based off of the daily structure and the 30 min / 1hr charts GPRO looks like it's cheap enough for buyers to make some quick money. I'm expecting GPRO go to the 7.94 level and then face some resistance. It should be a low risk/reward trade.
The Pound/Kiwi is at an all time high and it is signaling it is about to go lower. The 4hr looks like it's going to hold and it has yet to make higher highs on the daily. We are also in a daily supply zone.
Gpro is looking bearish on the 4 hour and the daily. If it can't break the resistance around the 50.36 range i'd be looking to short this stock! It's also showing bearish price action on the 4hr chart and the daily renko chart is bearish.
I'm looking for a short on the Eur/Jpy. The pair has shown some nice price action suggesting that the pair is going to head downward. We are also in a weekly supply zone and the weekly renko bars are bearish.
I'm looking at getting long on GPRO at these demand levels.
Remember before entering the trade we need to follow the supply and demand trading steps.
2. Price Action
The USD/JPY is clearly bullish on the daily and it is going to be coming into some nice fresh 4hr demand levels. I will be looking for prices to bounce off of these levels back up to the nearest supply.