Short
NLOK - Norton Life lock - Bearish Divergence
Weekly:
On the weekly we see the prices go higher, while EFI and MACD Histogram diverge in relation to prices.
There is a ATR channel divergence as well, the high top goes well above +4 ATR, the top after that to +2,5 ATR and the current top to +2 ATR.
Previous pullbacks dip to somewhat below the EMA, around -0.5 ATR.
That would set the targets between 21 and 20.
Daily:
It shows a divergence here as well, with EFI and MACD-H. It also shows a divergence with Stochastic RSI, with a higher price top, Stochastic RSI turns on a lower level.
In my experience, this is a strong sign as well.
Entry would be:
23.39
Target 1: 21,05
Target 2: 20,05
SL: 24,68
R/R ratio: 1:2 for target 1
R/R ratio: 1:3 for target 2
The Stop loss is outside the 2 ATR channel, 1.5 ATR away from the current price.
On the weekly we see the prices go higher, while EFI and MACD Histogram diverge in relation to prices.
There is a ATR channel divergence as well, the high top goes well above +4 ATR, the top after that to +2,5 ATR and the current top to +2 ATR.
Previous pullbacks dip to somewhat below the EMA, around -0.5 ATR.
That would set the targets between 21 and 20.
Daily:
It shows a divergence here as well, with EFI and MACD-H. It also shows a divergence with Stochastic RSI, with a higher price top, Stochastic RSI turns on a lower level.
In my experience, this is a strong sign as well.
Entry would be:
23.39
Target 1: 21,05
Target 2: 20,05
SL: 24,68
R/R ratio: 1:2 for target 1
R/R ratio: 1:3 for target 2
The Stop loss is outside the 2 ATR channel, 1.5 ATR away from the current price.
Trade fermée: cible de profit atteinte
closed the trade, target reached.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.