NUF Update from April
Comments from the 23 / 04 / 2015
NUF New farm
This stock has been in a consolidation phase since March 15.
The primary trend is UP.
Clear short term price resistance at $6.70 is being broken today.
FP Markets have conducted Rule based trading workshops recently.
This indicator set is one of the trade set ups. RSI over “50” and confirmed with CCI over “O”
Stops at $6.50
NUF, after a short rally from the entry at $6.84 the stock went into a consolidation phase, with the recent market weakness the price has found support at $7.15.
With todays strong move a continued move back to $8.00 would be expected.