NNOX needs to close above $40.50 for next leg up
I'm long NNOX from about $35. Considering adding more if it closes above $40.50.
- MACD bullish
- There is a hammer followed by an inverted hammer. The hammer candlestick is generally bullish suggesting low prices were rejected (long wick below candle).
- However, the inverted hammer (the very next day!) is typically bearish suggesting the higher prices were rejected at the top (the long wick). Whats interesting is it moved right past this bearish indicator. So looks like weak hands got cleared out and potentially we will move thru previous resistance of $40.50.
- MACD bullish
- There is a hammer followed by an inverted hammer. The hammer candlestick is generally bullish suggesting low prices were rejected (long wick below candle).
- However, the inverted hammer (the very next day!) is typically bearish suggesting the higher prices were rejected at the top (the long wick). Whats interesting is it moved right past this bearish indicator. So looks like weak hands got cleared out and potentially we will move thru previous resistance of $40.50.
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