Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

NRDS Approaching the $17.66 Sell Target

NRDS had a very impressive rally from the buy zone up to the red resistance line. There has been a lot of shady price action along the way, and I think NRDS is an extremely manipulated stock with insider trading. Some of the older members will remember the price suddenly dropping from $9 to $7 and rebounding to $10 within minutes. I think NRDS will continue to have tricky price action because of this insider trade activity. However, NRDS still managed to have a nice rally up to the long-term price target. NRDS is trying to flip $16.09 into resistance here, and the key target is the red trendline, which slopes downward so the price will decrease over time. The red trendline currently gives a price target around $17.66.

Previous Trade Setup from October 2023:

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

IWM Struggling to Break Through the Red Resistance Line

IWM was attempting a bullish breakout above the red resistance line. However, this turned into a failed bullish breakout and IWM is back below the red resistance line again. I would monitor for more attempts to break the red resistance line over the next few weeks. For now there is support building up around $191. […]

Read More
Default Thumbnail

QQQ Weekly Open with a Bullish Gap

QQQ had a bullish weekly open with a gap higher. I have updated my charts, and I have the red resistance line as a key price target of interest at $446.09. I think QQQ could have some upside this week especially if we get some strong data and strong earnings announcements from the Mag 7. […]

Read More
Default Thumbnail

SPY Potential Rebound Soon

We have a big week ahead in the stock market with a lot of big companies reporting earnings. The S&P had a very bearish week last week and I think we could see a rebound this week. It will be important to see if the Magnificent 7 reports strong earnings, and whether GDP and PCE […]

Read More