NRP ( Energy Stock) Reversal Pattern

2023년 6월 20일

NRP is an energy stock. Shown on a 15-minute chart it appears to have a reversal pattern.

The mass index indicator's value has risen above 27 and is about to trigger with a fall under

26.5. The normalized MACD shows a cross of the MACD and signal line well below the zero line.

The 28 period linear regression line has given a buy signal below the last candle. Importantly,

the analysis of the HA candles is they have changed from red to green and the indecision

candles with large wicks compared with the candle body have ended in favor of a larger

bodied green candle without predominant large wicks. I will look for a long entry on the

3 to 5 minute time frame expectant for a target at the POC line of the volume profile or

about 50 which would be a decent profit for this low risk trade.

2023년 6월 20일

액티브 트레이드

Price higher by 3.3% since trade opened.

2023년 6월 22일

액티브 트레이드

Price trending up and validating the idea. Trade in reasonable profit. stop loss is above breakeven. Trade is loss-free moving forward in buying an energy stock when
the sector has been down.

2023년 6월 22일

액티브 트레이드

Taking partial profit since trade has met expectations. Runner of 50% to realize
further profit as trend continues.