$NNE Flagging and Ready to Resume Uptrend?
NNE may be one for your watchlist. This one has had a nice uptrend since its IPO sell-off and has put in a series of Higher Lows (HL). It has just tested the 50 DMA (red) and has a nice green hammer candle off that area. It looks to be struggling with the 10 and 20 DMA’s right now.I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower time frame chart to look for a good entry with a tight stop. There could be resistance at the AVWAP from the most recent high which is something to be aware of.
In summary I am looking for this one to continue its uptrend after this shake-out and consolidation. All TBD.
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