Time to CorrectAfter the impressive rise we are seeing a declining momentum now. It may be seen as a sign of an ongoing downward correction.
CNX Resources | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# CNX Resources
- Double Formation
* 012345 | Wave Continuation Uptrend | Subdivision 1
* Neckline Alignment At 37.60
- Triple Formation
* Right Leg & 0.236 | Subdivision 2
* Retraceme
CNX P Pick - Watch for big pop - & USOI already have the long USO idea working really well, but I have a date on my calendar for tomorrow on USO with the note, "possible 5+% move".
So, I use a pendulum and dowse all my ideas. I sometimes let the pendulum choose a stock from different lists, and this morning asked for something I can spe
🛢️💡 CNX Resources (CNX) Strategic Initiatives 📈🚀Market Adaptation Strategy:
CNX partners with NuBlu Energy to innovate CNG and LNG production, enhancing efficiency and market reach, showcasing adaptability to natural gas dynamics.
Supply Management Approach:
To address oversupply, NYSE:CNX reduces production and delays activities, demonstratin
CNX - 22 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
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Long CNXEntered a long position on CNX Resources Corporation $CNX.
Timeframe: D
Target: ~$23.50
SL: ~ $19.95
Reason: bullish break of a daily inside bar, in the direction of weekly trend.
CNX 200 EMA Bounce and Wedge PopCNX bounced off the 200 EMA on the daily and has broken out of a downward wedge. A move over $21.00, and a reclaim of the 50 EMA should send this back up to test the highs. Looks even better on the weekly chart imo. Target $23.50
CNX over key pivot to reach ATHsCNX has shown great strength recently and broke over $23.33 pivot to hit new ATHs yesterday; volume has also increased, having shown volume dry up during the accumulation phase. The U/D ratio on this ticker is also good and suggestive of institutions buying this stock up.
$CNX: Potential breakout coming soonCNX is looking strong just now. U/D ratio is close to 2, suggesting institutions could be interested, we had a launchpad set up a few days ago but was followed by increasingly tight price action. Blue skies over 23.33 and this is a strong sector as well
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Displays a symbol's price movements over previous years to identify recurring trends.