Posted by sptrader on 14th of Aug 2014 at 11:01 am
Hi everyone... I see NOR from the trade ideas looks like it has
made its alarm price at 4.52 breaking the trend line (4.56 as
I am typing now)... Would anyone be able to advise regarding
potential target prices ?
By looking at the chart in the trade ideas, I see the top of the
Bollinger bands at around 4.7, but I see the May low of 2.9 and the
March high of 5.06.... A bull flag from 4.2 with possible target
area of 5.2 ??
Please advise with your thoughts about targets... Thank you!
Hi...This is my first time posting and I'm a newbie here. I did
picked up some Nor and just wanted to add a Point and Figure
buy signal would be a touch of 5. It's been on a negative trend
since 2012. A touch of 5.50 would put it to a positive trend
change . This is strictly according to Point and Figure which I
subscribe to Tom Dorsey's rules fwiw. Imo 5.50 would be significant
if it touches that. This target would change if it touched
3.75 which is a reversal. Gotta a ways to go of course. Good
luck.
NOR - potential price target ??
Posted by sptrader on 14th of Aug 2014 at 11:01 am
Hi everyone... I see NOR from the trade ideas looks like it has made its alarm price at 4.52 breaking the trend line (4.56 as I am typing now)... Would anyone be able to advise regarding potential target prices ?
By looking at the chart in the trade ideas, I see the top of the Bollinger bands at around 4.7, but I see the May low of 2.9 and the March high of 5.06.... A bull flag from 4.2 with possible target area of 5.2 ??
Please advise with your thoughts about targets... Thank you!
nor
Posted by tradermama on 14th of Aug 2014 at 11:18 am
Hi...This is my first time posting and I'm a newbie here. I did picked up some Nor and just wanted to add a Point and Figure buy signal would be a touch of 5. It's been on a negative trend since 2012. A touch of 5.50 would put it to a positive trend change . This is strictly according to Point and Figure which I subscribe to Tom Dorsey's rules fwiw. Imo 5.50 would be significant if it touches that. This target would change if it touched 3.75 which is a reversal. Gotta a ways to go of course. Good luck.
thanks tradermama for your reply....
Posted by sptrader on 14th of Aug 2014 at 11:23 am
thanks tradermama for your reply.... I appreciate it !