nftrh plus

NFTRH+; An Extreme Cup & Handle

The recent market stress has rammed this stock down in an extreme Handle to a Cup with an extremely higher right side rim than left side. I always like to see a higher right side.

I had noted previously that I’d like to see the gap fill and the SMA 200 get tapped and I still think that is the most likely outcome. But I added it this morning because I can be a little hasty with these things, but more so because I am trying to make a portfolio of varying types of items make sense.

A trader who leans – as I do – toward a market bounce in November and/or December might keep an eye on this at around 46. A handy bounce target would be about 8 bucks higher at 64 or so. Stop loss as risk tolerance dictates below 44.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.